A few other thoughts:
- Good tip about raising the deductible. There is a certain amount of overhead that is the same for each claim. You might considering taking the cost savings and boosting your coverage limit. Bear in mind that an accident victim can go after your personal assets if their damages exceed your coverage. Each level of coverage gets less expensive. For example, to go from $0 to $100,000 is much more expensive than going from $300,000 to $400,000. Why? Because the probability goes down as the limit goes up – accidents with $25,000 of damage are common; accidents with $500,000 of damage are not. If your state has a minimum amount of coverage mandated by law, remember that this is the minimum you must have. Over the course of time, the amount of coverage you have will decrease, in real dollars, due to the effect of inflation. If you haven’t adjusted your coverage in 10 years, take a look and see if it still seems like enough.

- Are you carrying full coverage on a ’91 Taurus? Compare what you’re paying for coverage of the vehicle (collision + comprehensive) and use the Blue Book to determine roughly what you would get. It might make sense to drop the coverage. You should, however, retain liability and medical coverage.

- Are you living in a very high crime area? One of the coverages you are paying for is theft; it only makes sense that this factor is higher when you live in a high crime area.

- Getting married can dramatically affect insurance rates for men. I’m not suggesting that you get married just for this reason, of course.

- Report instances of suspected fraud. This is not directly money in your pocket, but fraud is a huge expense for insurance companies (which, of course, must be passed down to the customers).

- Bear in mind the value of the service that is provided. Company A may be more expensive than Company B, but is the process of filing a claim a lot more cumbersome? Do you want to sacrifice great service to save $50 a year? Maybe, maybe not.

- Consider a Personal Lines Umbrella Policy (PLUP or Umbrella). This “sits on top” of existing liability coverage for auto and homeowners. For example, you might have $250,000 in auto liability and $250,000 in homeowners liability, but you may have a $1,000,000 PLUP policy. The PLUP kicks in only when the basic policy (in the case of a car accident, your auto policy) has exhausted its coverage. A PLUP can be less expensive than boosting the liability coverage of all of your basic policies.
Sorry, forgot to add great post! Can’t wait to see your next post!

A few other thoughts:
- Good tip about raising the deductible. There is a certain amount of overhead that is the same for each claim. You might considering taking the cost savings and boosting your coverage limit. Bear in mind that an accident victim can go after your personal assets if their damages exceed your coverage. Each level of coverage gets less expensive. For example, to go from $0 to $100,000 is much more expensive than going from $300,000 to $400,000. Why? Because the probability goes down as the limit goes up – accidents with $25,000 of damage are common; accidents with $500,000 of damage are not. If your state has a minimum amount of coverage mandated by law, remember that this is the minimum you must have. Over the course of time, the amount of coverage you have will decrease, in real dollars, due to the effect of inflation. If you haven’t adjusted your coverage in 10 years, take a look and see if it still seems like enough.

- Are you carrying full coverage on a ’91 Taurus? Compare what you’re paying for coverage of the vehicle (collision + comprehensive) and use the Blue Book to determine roughly what you would get. It might make sense to drop the coverage. You should, however, retain liability and medical coverage.

- Are you living in a very high crime area? One of the coverages you are paying for is theft; it only makes sense that this factor is higher when you live in a high crime area.

- Getting married can dramatically affect insurance rates for men. I’m not suggesting that you get married just for this reason, of course.

- Report instances of suspected fraud. This is not directly money in your pocket, but fraud is a huge expense for insurance companies (which, of course, must be passed down to the customers).

- Bear in mind the value of the service that is provided. Company A may be more expensive than Company B, but is the process of filing a claim a lot more cumbersome? Do you want to sacrifice great service to save $50 a year? Maybe, maybe not.

- Consider a Personal Lines Umbrella Policy (PLUP or Umbrella). This “sits on top” of existing liability coverage for auto and homeowners. For example, you might have $250,000 in auto liability and $250,000 in homeowners liability, but you may have a $1,000,000 PLUP policy. The PLUP kicks in only when the basic policy (in the case of a car accident, your auto policy) has exhausted its coverage. A PLUP can be less expensive than boosting the liability coverage of all of your basic policies.