It's well-known that children drive up the cost of auto insurance. Adjusting your coverage will make it cheaper.
1. Ask for an age discount.
Combined with a safe driving record, you can get better rates for being an older driver. "As you become a more mature driver, there are more discounts available," says Roger Sevigny, secretary and treasurer for the National Association of Insurance Commissioners and the New Hampshire insurance commissioner. The magic period: between 55 and 70, he says.
2. Tell your agent you've retired (or are doing some telecommuting.)
When you're not racking up commuter miles every day, your rates will likely go down, Sevigny says. The number of miles you're driving can have "an immediate impact" on your rates, he says.
3. Adjust your auto coverage.
If the kids have left for good, take them off the policy. If they are simply away at college, ask about a distant-student credit, says Jack Hungelmann, an insurance consultant and author of "Insurance for Dummies." Usually, it applies if your child is a full-time student, has gone at least a certain distance to college and hasn't taken one of the family cars to campus. And it can give you a nice break on the premiums.
source: articles.moneycentral.msn.com
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