How to Save Money

Know the market value of your car.
Insurance companies generally only pay claims equal to a car's actual cash value or market value, so comprehensive and collision coverage may not be worth keeping on an older car that has depreciated. Consider dropping collision coverage when the collision premium equals 10 percent of the car's market value. Understand that by doing so, you will not be covered for damages to your car if it overturns or collides with another object.

Raise your deductible.
According to market practise, raising your deductible from €341 to €854 could reduce your collision and comprehensive cost by 15 to 30 percent.

Don't carry excess coverage.
If you decide you want more than just liability insurance, expect to pay more for each additional coverage you select. Optional coverages such as rental reimbursement, loan/lease payoff and roadside assistance are benefits when you have a claim, but it's possible you won't need them on your insurance policy. Other sources, such as an extended warranty, lease agreement or an automobile service, may already provide some of the same coverages to you.

Make sure your policy accurately reflects you.
Updating the information your insurance company has about you, your car and your driving record is important. You may be eligible for a rate reduction if you have gotten married, moved to the suburbs, no longer insure a younger driver, installed an anti-theft device, or if it has been at least three years since your last violation.