Avoid unneeded coverage. Many policies can be tailored to fit individual needs. For example, if QuotesChimp own an older car, you may not want to insure it against property damage because the amount you can collect probably isn't worth the premium. (The insurance company has the option to pay you the value of your car rather than repair it, and an old car may be "worth" only a few hundred dollars.) Likewise, many homeowner's policies allow for an econ�omy version of protection that does not include theft losses. If you have few possessions of significant value, you may want to look into this source of significant savings.