Tip 16: Avoid Tickets

Avoid tickets for speeding or moving violations. Many insurance companies give a discount of up to 20% if you have not had an accident or ticket for three years or more.

Potential Money Savings: $100/yr or more.

Tip 12: Ask Your Insurance Agent Before Buying a New Car

Before buying a new car, ask your insurance agent whether the model you are considering will require a surcharge due to higher theft, damage or repair costs.   

Potential Money Savings:  $50-200/yr.

Tip 6: Insurance Advice for Older Cars

If you drive an older car, consider dropping collision and comprehensive coverage (don't drop liability coverage). Collision coverage is required if you have a car loan, but for older cars that you own, weigh the car's book value (what the insurance company would pay you if the car was totaled) against your collision premiums. If your car is over five years old or is worth less than $1000, keeping collision and comprehensive coverage may not be worth what you're paying in insurance premiums.   

Potential Money Savings:  $100-300/yr.