•Raise your deductible. Increasing the deductible on physical damage can lower the premium.
Before raising the deductible, consumers should make sure they have enough money readily available to pay the higher deductible should something happen to their vehicle.
•Consider how you use your vehicle. Some companies base insurance rates on the number of miles that you use to drive to and from work.
•Examine comprehensive and collision limits on current policy. An older vehicle may not require comprehensive and collision coverage. Consider the age and value of your auto and whether or not you can afford to fix it yourself if you have an accident.
Also, consider your overall liability limits. Consumers must make sure they have enough coverage.
Having limits set at levels that are too low or just enough to meet state requirements may save money initially, but could end up costing thousands of dollars if something happens in the future.