What the law states requires all licensed drivers to possess auto insurance. However the rates individuals are charged depend on a multitude of variables, all of which are assessed independently by every insurance provider. How to get Cheap Auto Insurance-There are lots of factors that lead to determining your auto insurance premiums. Here are a few methods to save money:
Make sure to shop your rate each year
Pay your premiums on time
Use winter tires
Bundle different insurance products, like home, motorcycle etc
Improve your deductible

 Auto Insurance companies review your driving profile, including such things as the brand name of car you drive, how old you are, your gender, where you reside, the amount of tickets and accidents on your record, etc.; and use that information to evaluate the chance of you creating a claim later on which in turn determines your rates. There's also differences in terms of the way the auto insurance market is administered and regulated with respect to the province or state. In some countries auto insurance is administered through the government and in some other countries, auto insurance is administered by the private sector along with a large number of private insurers. Auto Insurance is distributed to consumers through different networks of licensed insurance professionals. They are:

Insurance Brokers - Provide independent and expert advice, advocacy and support to consumers with respect to their auto insurance needs and typically work with, and sell policies for, a variety of insurance providers.
Insurance Agents - Provide expert advice, advocacy and support to consumers regarding their auto insurance needs and work with, then sell policies for, one insurance company.
Direct Writers (Direct Response Insurers) - Provide expert advice, selling and servicing property and casualty insurance products, including auto insurance, in Canada through direct response marketing and distribution for one insurance provider.

As with every types of insurance, auto insurance exists to safeguard consumers against future losses. By pooling the risks of person consumers and charging each a small premium, insurance companies ensure that you will find adequate funds available to pay for the claims produced by a subset of these risks.

The kinds of things typically covered within standard auto insurance policy include:
Third-Party Liability- This coverage protects you in the event of an accident causing loss or damage to someone else when you are to blame.
Accident Benefits- This coverage offers advantages to protect you if you are injured in an accident regardless of who caused the accident.
Uninsured Automobile Coverage- This coverage protects you in case of death or injury brought on by an uninsured motorist or with a hit-and-run.
Additionally, optional coverage that's available on most auto insurance policies include:
Loss or Damage Coverage- This could include: All Perils, Collision, Comprehensive and Specified Perils. You can buy a combination of those to protect you against loss of or damage to your automobile brought on by collision, fire, theft, along with a variety of other unpredictable risks.
Once you have received your web insurance quote from carinsurancerates.com, we'll connect you having a licensed auto insurance broker or agent in Canada who'll walk through the quote along with you and answer any additional questions you will probably have. Read More…