One of the things you'll need to have is coverage on your car. This will allow you to go where you need to and is the key to avoiding a financial disaster if you're in an accident. The good news is there are many things you can do to help lower the cost of auto insurance. However, being aware of some things that may cause it to spike is sure to be to your advantage.

1. Purchasing a new car

If you're in the market for a new vehicle, you should fully understand the type you buy will have a tremendous impact on the cost of your coverage. Insurance companies will base the amount of your premium on the retail value of your car.

This makes it a great idea to purchase an older model if you're tremendously concerned about the expense of being adequately insured. Just be sure to choose an older vehicle that's in good condition to avoid the need for a lot of repairs in the future.

2. Getting a speeding ticket

It's in your best interest to drive the speed limit at all times. Failure to be mindful of your speed could result in a traffic violation, and this is one of the top causes of insurance increases.

It's possible to get an attorney to help decrease the impact of the ticket, but this will be at an expense, as well. Taking time always to know what the speed limit is and driving it is critical when it comes to keeping insurance costs down.

3. Your age

It's important to be an experienced driver if you want to pay the least amount for your auto insurance. However, if you're young and just getting a driver's license, this can be impossible to do.

Keep in mind if you have teenagers on your policy, this can make the cost of your coverage go incredibly high. There are certain things you can do that will help lower these, and it's ideal to be proactive and seek these out before adding this individual to your insurance plan.

Knowing some of the things that cause your auto insurance to go higher may be helpful in avoiding these if you can. The key to paying the least amount for car coverage on a monthly basis will primarily rest on the things you do. Be sure to speak with your insurance agent today to help you find additional ways to make this possible!