Do you own a vehicle? Are you tired of spending what seems to be most of your paycheck on insurance? No matter what your circumstances are, there are times when you may be tempted to drop your insurance coverage in order to be able to afford something else. However, having insurance coverage is a legal requirement and you can get into serious trouble if you are discovered to be driving without insurance. Fortunately, there are ways that you can cut down on the cost of your insurance premium. Some things that you may consider doing include:

Different vehicles: Sometimes, the difference of even just a year or two can make a huge difference in the cost of your auto insurance coverage. A new car from this year or last year is going to be a tempting target for thieves due to the potentially high resale value. But a vehicle that is five or six years old can still be in great condition while making a less tempting target for thieves. If you're thinking about trading in your vehicle to get one in better condition, consider looking at used vehicles and getting insurance quotes while shopping. You may be surprised at just how big of a cost difference there is between different years, makes, and models of vehicles.

Change insurance companies: Many insurance companies will provide a discount to new customers as an incentive to get them to use their auto insurance coverage. As time progresses, however, the cost of your premiums will slowly start to creep up. If you've been with the same insurance company for more than two or three years, it's definitely time to shop around to see if you can find better rates elsewhere. It's a good idea to check around yearly, just to make sure that you're getting the best price possible.

Ask about discounts: Different insurance companies have different types of discounts. For instance, some might give a discount to seniors while another company will give discounts to members of AAA but not specifically to seniors. If you work for a large company, you may be eligible for a discount from some insurance companies that have partnered with your employer. When shopping around for auto insurance coverage, the insurance companies aren't necessarily going to offer these kinds of discounts to you outright. Insurance agents may assume that, if the discount applied to you, you'd offer up this information. Asking about possible discounts may be the only way that you'll find out if you're eligible.

Contact a company like McHugh Insurance for more information and assistance.