If you're a first-time car owner, you might wonder how to get the right coverage. Getting the right auto insurance can seem overwhelming, but it doesn't have to be. If you know what factors affect your rate and why choosing a policy suited to your needs is important, it'll be much easier to make an informed decision about which company is best for you.

The good news is that there are many ways to save money on car insurance if you know where to look. So whether or not you're new to driving or want some peace of mind while traveling down the road, here are three things every first-time car owner should know about getting coverage.

Your car's value will affect your insurance rates

You can use the value of your car to help you decide how much it will cost to insure. The higher the value of your car, the more expensive it will be to insure. If you have an older vehicle that isn't worth much, then insuring it is cheaper than insuring a newer model with more features and options.

The type of car you own will also affect your rates

If you're a first-time car owner, you may be surprised to learn that your insurance rates are affected by your car type. The cost of insuring a vehicle can vary widely depending on factors like year and model, as well as its size and safety rating. Some companies offer discounts for certain cars because they are considered safer than others and less likely to be involved in accidents.

In general, more expensive vehicles will cost more to insure than cheaper ones (and this is true regardless of whether they're new or used). Look into purchasing an older model rather than buying new; many insurers offer great deals on previously owned vehicles that have been kept up well over their lifespan.

Driving history and profile matters

As a first-time car owner, your driving history and profile matter. The more experience you have behind the wheel, the better. If you've been driving for years, have never had an accident, or gotten into legal trouble, then good news! Your excellent record will help lower your premium costs.

But if you're new to driving? Not so much. The best thing to do is take some time off before getting behind the wheel again so that way when it comes time for insurance companies to evaluate how safe they think someone's going to be while driving their car, there aren't any accidents or tickets that would make them think otherwise (and therefore charge more).

If you need additional help understanding how automotive insurance works, contact an insurance agent who can walk you through everything you need to know. For more information on auto insurance, contact a company near you.