14 Tips to Save Money on Your Car Insurance

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7. Drop Collision and Comprehensive

When you have an older vehicle, you might not want to pay high premiums over the years to maintain collision and comprehensive on the car. If the car is totaled in an accident, you’ll receive the cash value of the car. An older vehicle might only be worth a few thousand or less, which means that any repairs will exceed the value of the car. A car that is worth less than a thousand dollars shouldn’t have such high coverage. Paying high premiums for comprehensive and collision doesn’t make financial sense.