Margaret M. Davis

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A certain amount of liability insurance is a legal mandate for most drivers. It is up to you to find out whether your state has such a law and, if it does, make sure you are in compliance with it. If you are uninsured and you get into a accident, you are breaking the law. Reduce your annual mileage for your vehicle. If it is difficult to reduce your mileage, it might be a good idea to invest in a cheap, second vehicle. You may find that the cost to insure two low mileage vehicles each year is cheaper than one high mileage vehicle.

Think about the kind of vehicle you have when considering insurance coverage. High mileage and older vehicles usually have less value upon resale, which means you don’t have to maintain as much insurance to protect your investment. Also look into the theft rate in your area for your vehicle. Theft rate doesn’t rely only on the age of your vehicle. If the theft rate on your vehicle is high then you should look into comprehensive coverage on your insurance.


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