Garret has an older car worth about $5,000. He thinks he is paying too much for auto insurance and wants to find out how he can save money. He decides to look into raising his deductible from $250 to $1,000. By doing this, he can save $200 per year.

What if Garret drops the collision on his car? Would that be a smart idea?

Are there other car insurance options that Garret can take advantage of to save money?