Plan to renew your car insurance. Think again. There could be better option in your hand, if you look around carefully.With auto insurance rates going down every year, it is always a wise move to look around for some new insurance policy before you decide to renew your old policy. But it has been found the consumers have saved nearly 40 percent of the amount by buying new auto insurance as prices are getting slashed everyday.It is always important to do some car insurance comparison before you finally decide whether you can’t to continue with your present policy or opt for a new one. There are several companies offering auto insurance online, but there are some factors, which one should study carefully to get the best car insurance rates.First and the foremost factor is the risk factor. Insurance companies are here to do serious business so they won’t take anything for granted. Risk analysis is their primary task and if the risk is high then you might end up paying a high premium.Insurance companies try to strike a balance between risk and price. In fact risk directly affects the pricing of the insurance plan. Generally car insurance companies keep low coverage amount so that the premium is affordable for clients. You might be paying a low premium, but the coverage the company is providing doesn’t cover the full car. It can prove dangerous and instead of saving money, you will be end up paying a huge amount as repair cost.It is a general perception among drivers, that they are immune against accidents and they will never face any problems while driving on roads. This a completely wrong notion because it is not necessary for accidents to take place due to your fault. You may suffer due to rash driving and negligence of other drivers.So it is always better to have a full and comprehensive insurance coverage of you car rather than digging a deep hole in your pocket.The best place to shop for auto insurance is the Internet. You would get several companies offering their auto insurance online and also the best rates. The Internet will also allow you to do a bit of auto insurance comparison that will give you the details of the plans each company is offering. Try to get as much quotes as possible so that you can get a wide base to select your car insurance.