• Collision coverage is generally the most expensive portion of a car insurance policy. 

• Premiums are based on a number of factors, including your deductible, driving record and the type of car you drive. If your driving record is fairly clean (no or very few tickets or accidents), your premiums will be lower because you are less likely to have a collision. 

• Comprehensive coverage comes with a deductible and the insurer will only pay as much as the vehicle is worth at the time of the incident. 

• To calculate how much your car is worth, look up the Kelley Blue Book value or the National Automobile Dealers Association’s Official Used Car Guide value. If your car is low in value, the yearly premiums for comprehensive coverage may not be a sound investment. 

• Comprehensive coverage has many limitations, so it’s best to review your policy carefully to make sure you are properly covered.

4 Ways to Save On Your Premium 

1. Consider raising your deductible. 
2. Maintain a clean driving record. 
3. Establish a solid credit history. 
4. Install an anti-theft device in your vehicle. 

Now that you know the basics of each type of insurance, you can make an informed insurance decision.