Car insurance is one of those things that we are extremely grateful for should we have a run in with another vehicle and be required to front the bill, but loath paying the sometimes astronomical premiums for.

As with the majority of financial products though, there are many steps that can be taken to help reduce their monthly or annual cost.

With regards to car insurance there are certain factors and things you can do that will affect your insurance premiums, some more than others. Notably, comparing insurance quotes; the cheaper, more economical and secure the car is the better. Finally (if applicable) the larger your no claims bonus is the better.

So, to begin with, when on the market for insurance quotes, by far the easiest way to do this is online. This provides you with the ease of doing so in your own home and there is a wealth of comparison websites out there that will return quotes from the majority of UK insurers.

When purchasing a car direct from a dealership it's very tempting to get roped into insurance the salesman is offering; however this should be avoided, as more of often than not it will be far from the best deal.

Lastly, when it comes to renewing your insurance, make sure you have checked online to ensure you are getting offered a decent deal, as chances are you won’t be.

The second major factor as stated originally is the specifications of the car being insured. The most obvious of these is that it’s going to cost a lot more to ensure a brand new Porsche then it is a second hand Corsa, as the former is much more expensive and thus will cost the insurer more to repair or replace.

At the same time though, if your car is deemed too cheap, say anything under £1000, then insurers may be concerned that the car may turn out to be unreliable and this may increase your premiums.

Again, with regards to your vehicle, most people know that the larger the engine and the faster the car, the harder it will be to find     may be.