One of the main factor which will decide your premiums is your credit history. Just because you have low income does not mean that you necessarily have to have an indecent credit report. If you have been making all your payments towards your debts on time the you have nothing to worry about. Once you have built your trust with the insurance company, they will offer you very decent premiums. And once your premiums are reduced, the money which you would be saving could go towards your savings account to help in need of any future jeopardy.

Do not think that you can get away without auto insurance either because you cannot. The state law makes it mandatory for every driver to have the auto insurance, which is why you should too. This does not mean that you have to get a very fancy or an extensive auto insurance policy, you should at least get the policy to an extent that the basics are covered. If you are caught riving without the auto insurance, especially if you run into an accident, there will be severe consequences. So instead of having to take care of all the bills which resulted from the accident from your pocket, you should just get the insurance as this is a sound investment even if you do not realize it right now.

Another way to save cash is by raising the deductible of you policy. This way you are offered more coverage if there is any accident, and provides more protection towards the people around you. So stop wasting money, and start saving up.