1. Don't Over-Insure

Choose only the coverage you need.  For example, if your car is over 5 years old, maybe you should drop collision insurance.

2. Don't Under-Insure

Saving a few dollars up front could cost you a significant amount of money at a time of loss.  If your vehicle is reasonably new, you may want to consider full coverage.

3. Select the Right Deductible

By "self-insuring" what you can afford, deductibles can save you in premium dollars.  If you have an emergency fund or savings account, you might want to go with a higher deductible.

4. Choose the Appropriate Limits

Don't underestimate jury awards - often they are astronomical.  Consider liability coverage carefully.

5. Excess Liability

This is economical coverage that picks up where your auto (and homeowners) liability leaves off.  It can save huge amounts in the event of a large judgment against you.

6. Ask About Discounts

Some insurance companies offer multiple car discounts and safe driver discounts - even discounts based on years of experience or retirement status.

7. Comprehensive Coverage

Without this option, you will not be paid for fire, theft, vandalism, or other losses out of your control.  Consider the age and location of your vehicle when deciding on this coverage.

8. Collision Coverage

If you have a car loan, this insurance is required.  If you do not have a car loan, it is always a good idea to protect your investment in the event your car is badly damaged by unknown persons.

9. Uninsured Motorist Coverage

This is an important dollar saver in the event you are the victim of a hit and run driver, or one without insurance.

10. Most Important - Talk to Your Agent

Consult with your agent - they have the education and training needed to help you make the right decisions.