Comprehensive Auto Insurance Coverage

Comprehensive auto insurance coverage covers losses from anything other than collision.  This includes theft, vandalism or damage due to natural disaster.  This coverage can depend on the state mandates and any of the terms that are defined in the auto insurance policy.  If a car is paid off and the coverage it is not required by the state, this may be an unnecessary car insurance coverage.  However, if there is a lien holder, they may still require a comprehensive auto insurance policy.

Collision Coverage

If you are paying for collision coverage and your state does not require it, consider lowering this auto insurance coverage.  For an older car consider dropping this if possible.  Coverage is normally limited to the cash value of the car and an older car may not be worth the cost of coverage.  If there is a loan or lease on the car though, they will require collision coverage.  Raising the deductible on collision coverage can also help to save money on insurance premiums.

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