Looking for cheap auto insurance? Before you contact your agent determined to sign the agreement you really need to give it some thinking, as a good auto insurance policy can protect you from financial claims you won't be able to handle on your own, while insufficient coverage can leave you exposed and you will have to pay a lot of money for the damages. You need to remember that cheapest auto insurance you can get is usually the basic one, and will provide you with too much coverage. Of course, you will be paying a lot less than you would have to pay if there were other options included, but in case of an accident you will be responsible for paying for lots of things you would rather have covered by your insurance company - other people's hospital bills can deplete even significant savings in case you had them at all. So, although you shouldn't look for the cheapest auto insurance policy, as this is a double edged sword, there are some things that can help you reduce the monthly premiums you are paying. Firstly, you can waive some of the options, such as collision coverage or comprehensive coverage. This is not a smart move if your car is relatively new, but if you are driving something older than yourself you probably won't need these options anyway, as in case of an accident it will be cheaper to get rid of the car. You can also insure your home with the same company or talk to your agent about increasing the deductible - all these tricks will have you pay less for your monthly coverage.