Insurance - 10 Personal Finance Tips at Catch a Gideon

Insure yourself against financial ruin. There should be no higher financial priority in your life than health insurance. Without it, if your health takes a turn for the worst, hospital bills could easily bankrupt you and your family.
High deductible is your friend. Keep those monthly premiums as low as you can.
Don’t use insurance as an investment vehicle. Liquidity and certainty are not on your side.
Have enough. Have enough life insurance to replace at least five years of your salary, ten years if you have kids or significant debts.
Don’t have too much. You need health insurance. If you’re single and have no dependents, you don’t need life insurance.
Think about insurance before you buy a car. Typically, the more expensive your car, the higher your insurance cost will be. Take this into account when buying a car.
Choose the right car insurance. Don’t assume you should get the cheapest auto insurance or the one with the most protection. Find out exactly how much coverage you need.
Consider dropping collision coverage. Especially if you have an older car, there’s not much sense in protecting it against getting wrecked if it’s already a wreck.
Buy homeowner and auto coverage from the same insurer. You’ll usually get a better deal than you would if you bought the two separately.
Write a will. If you have any dependents, you need a will. Write one and protect your loved ones.

Source: Your Credit Advisor