What pushes up the price of your insurance premium? High coverage and low deductible are the first two reasons. Take a look at your coverage first. Don't cut liability and property damage coverage for a lower premium. Instead, raise the comprehensive or collision deductible. If you can afford $500 or $1,000 of your own money in case you have an accident, your premium is much lower than if your deductible is $250. Deductible is the part of the bill you pay before the insurance takes over.

One Premium May Cover More
Some insurances offer you better costs if you own more than one kind of their insurance. Your insurance company may offer insurance for events that some people need more than others, including:

• flood damage;



• fire and theft of personal effects;



• medical payments for you and your family when injury occurs in your own car, in any other vehicle, or as pedestrians in a vehicle accident (but unnecessary while you are covered by your employer's comprehensive health insurance);



• expenses you incur when providing first aid to others at the time of an accident in which you are involved;



• the cost of hiring lawyers, getting expert testimony, court costs, and all other expenses incurred in defending you from any car accident, even if the charges of liability are groundless, false, or fraudulent;



• the cost of up to $100 per bail bond;



• interest expense caused by appeals that delay claim payment;



• the collision deductible if the other party in a car accident is also insured by your company.

Driving in Mexico and Canada
If you drive a car in Mexico, either buy Mexican automobile insurance or rent a car from a Mexican car rental company and buy the rental car company's insurance.

If you drive in Canada, be sure to bring proof from your insurer that you meet the Canadian minimum liability and property damage limits.