Don’t just keep paying your car insurance invoice when it comes in. For example, many people needlessly carry full coverage on their old car. They originally purchased the vehicle new, paid for full coverage and to this day, continue to pay the same high rate. Once a vehicle gets old it doesn't matter how much coverage you pay for or even how much your vehicle is really worth you will only be paid a specific (lowball) figure if an accident ever happens.  Your annual insurance bill should be an automatic trigger for you to make a few phone calls to see if you can save even more money on your car insurance premiums. 

Here's another tip.. Let your fingers do the walking… Shop around -- and do it at least yearly. Here are a few suggestions to help you get the best deal available on your car insurance policy. 

Auto Insurance agents really have a lot of leeway when it comes to premium quotes. They can price match and they can offer you many discounts IF THEY WANT TO. There are also many decisions you can make about your policy that will save you a bundle. For example, if you change your deductible on your collision from a $50 deductible to a $1000 deductible, you’re in line for a huge premium savings. If you don’t think you could come up with $1000 out of pocket, then change it to a $500 deductible; you’ll still save a sizable amount on your annual premium payment.

You can also get more savings if you change your comprehensive deductible. Let's say your ten year old vehicle may be worth $1000 or less. If you continue to pay $250-$450 every six months (total $500 to $900 dollars a year) to keep full coverage on that old vehicle, you are just driving yourself into the poor house.

You see, if you have an accident and total your vehicle the insurance company will only pay you the actual wholesale value of the vehicle. In other words, you'll be very lucky to receive $1000 and it will probably be -- less, a lot less.

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