15. Consumers lose billions of dollars each year on
unneeded or poorly done car repairs.
The most important step that you can take to save money
on these repairs is to find a skilled, honest
mechanic.

Before you need repairs, look for a mechanic who:
. is certified and well established;
. has done good work for someone you know;
and
. communicates well about repair options and costs.

Auto Insurance

16. You can save several hundred dollars a year by
purchasing auto insurance from a licensed, lowprice
insurer. Call your state insurance department
for a publication showing typical prices charged
by different companies. Then call at least four of
the lowest-priced, licensed insurers to learn what
they would charge you for the same coverage.

17. Talk to your agent or insurer about raising your
deductibles on collision and comprehensive coverage
to at least $500 or, if you have an old car,
dropping this coverage altogether. This can save
you hundreds of dollars on insurance premiums.

18. Make certain that your new policy is in effect
before dropping your old one.

Homeowner/Renter Insurance

19. You can save several hundred dollars a year on
homeowner insurance and up to $50 a year on
renter insurance by purchasing insurance from a
low-price, licensed insurer. Ask your state insurance
department for a publication showing typical
prices charged by different licensed companies.

Then call at least four of the lowest priced insurers
to learn what they would charge you. If such a
publication is not available, it is even more important
to call at least four insurers for price quotes.

20. Make certain you purchase enough coverage to
replace the house and its contents.
"Replacement" on the house means rebuilding
to its current condition.

21. Make certain your new policy is in effect before
dropping your old one.

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