Car insurance is one thing that few people like to change. Once they get it, they often leave it alone. Unfortunately, this can mean that you are throwing some of your hard-earned money away. Saving money, however, means that you need to be willing to analyze your current expenses and then reducing unnecessary costs.

One place that you can save money on your auto insurance is by reducing your deductible amount. Typically, unless you ask for a different amount, insurers assume people want to have a low deductible - which is usually about $250.

According to Bob Sullivan at the Red Tape Chronicles (MSNBC), the average individual could save as much as 40% of their annual costs by raising their deductible. By changing it from the lower amount of $250 up to a deductible of $1,000, this will allow you to save about $100 per year. This single change will allow you to save money more than any other change.

You want to be careful about raising this amount too quickly, however, because you will need to be able to come up with the deductible amount if there is a claim. In fact, you will have to pay it before the insurance company will pay a dime. You could save even more money by putting the deductible in the bank - and earning interest on it until you need it.