Insurance is an essential part of financial stability for individuals and families. However, many individuals unknowingly are missing out on the maximum savings possible from their insurance policies. There are different strategies to employ so that people are able to pay less for their insurance and gain a higher discount. This paper will discuss how and what individuals can do to achieve higher discounts on their insurance policies. In order to gain the higher discounts possible from insurance, individuals need to be proactive. In the article seven ways to save money on auto insurance SixWise.com suggested signing up for a higher deductible. This will help cut down on the cost of the premium, however people should only do this if they have enough money saved up to be able to pay for the higher deductible if there is an at fault accident. Another way an individual can be proactive is to make sure that every year annually they are shopping around for insurance. While one insurance policy is cheaper this year does not mean that it would be cheaper next year. In the article how to save money on your car insurance by JonathanGinsberg.com, he suggested that if a driver wants to change his or her insurance policy and purchase a new car, he or she should buy the new policy before they purchase the new vehicle. Bundling insurance policies as a package deal is another way to save money. Many bustling insurance companies offer their subscribers a percentage off their auto insurance policy if they are a homeowner or has rental insurance with them. The company that provided the tips for the article in CNNmoney.com entitled how to save money on car insurance insisted on not taking the advice from every auto insurance provider and who to bundle policies with. The author had to suggest that if a driver were to bundle a policy together, he or she should try and do it with a company that he or she already has another policy with that company. A major way to wreak havoc on a auto policy premium is to mess up your credit. If a driver has bad credit he or she be a raise risk level that would cause their auto policy premium to rise. In the insurance article for how to save money on car insurance it was stated that the rate for a low credit score can be up to 50% higher than an average credit score. By adhering to the Fair Isaac Corporation, a driver may be able to raise his or her credit score. The credit bureau, Experian had to explain that paying bills on time is an important way to make sure that there is a positive mark on his or her credit report. The last way to save money on car insurance is to be very conscious of coverage. Drivers should never overpay for coverage that he or she does not use a lot. If a driver had an old clunker that is not worth much money, he or she would want to not pay for collision and comprehensive coverage on this vehicle. The sixwise.com article about seven different ways to save money on car insurance stated that drivers want to make sure that the purchase of the coverage that will pay for any new or leased car. All in all, these are some ways the purchase of auto insurance can be less painful in the pocket book. Some drivers even though on a budget must have their auto insurance policy and should still be able to do so without going broker in the process.