Nobody wants to get in an accident or get their car stolen. So purchasing auto insurance is one of the only times where we actually want nothing tangible back in exchange for the cost. This makes it difficult to think rationally. We’re purchasing protection for something we hope will never happen to us, and we want to it be be as inexpensive as possible.

Shop around for your car insurance policy. You’ll need to get at least two or three quotes offering the same type of coverage and options. Compare them closely. Look for any discrepancies in coverage, deductibles or minimum term.

If it's possible, it’s wise to purchase more than one type of insurance policy with the same provider. Buying your auto, health, home and life insurance from the same insurance company will get you a considerable discount overall.