Auto insurance rates are set by the companies in most states, although there are also state regulations which cap the amount an insurance company can charge for a policy.
In some instances states will also determine how companies will divide the pool of undesirable drivers.
There are some drivers who have such a poor driving record that no one wants to insure them.
In these cases the state can divide these drivers amongst the companies equally so that they will have to share the risk.
Of course most people will not have a problem finding auto insurance.
The trick is in finding a policy that is affordable and offers the financial protection the consumer needs.
The best way to do this is to shop for a new policy online.
Online consumers will get the best rate of any car insurance customers.
There are no agents to pay, very little overhead for the insurance company, and the competition is fierce for the customers.
When all of these things collide it means lower rates fro the consumer.
The best way to find the lowest rate is to shop for multiple quotes.
By getting a quote from each company you will be able to see which company is willing to charge you the least amount of money for your new auto insurance policy.
In addition to a low rate you should also be looking for enough coverage.
You should buy as much coverage as you can comfortably afford in order to fully protect your financial situation.
For this coverage you should be willing to spend a little bit more, even if it means you are no longer purchasing the cheapest policy.
The other thing to remember about auto insurance rates is that they change frequently.
This means you should request a quote for a policy every couple of months to see if you can upgrade your coverage or decrease your cost.