Affordable insurance is very subjective and therefore will differ tremendously from person to person. Many insurance companies offer affordable insurance options for individuals, usually based on a number of risk factors. Some insurance companies offer reduced rates for women as, statistically, women have a significantly lower risk profile than their male counterparts. In addition, choosing to insure less items or choosing a less comprehensive insurance policy can also make your insurance more affordable. Very often, the most basic vehicle insurance which will only cover theft and 3rd party liability will be the most affordable and some insurers also offer more affordable rates for vehicles which have a lower value and are already paid off. Ultimately, it is every individual's own responsibility to shop around or utilise the services of an insurance quote comparison company to decide what they can afford, based on their monthly income and budget.