The average car on the road is over a decade old.

The average car on the road just hit an all-time high of 12.8 years old, and 64% of drivers say they plan to keep their current car until it's too expensive or too hard to repair rather than trade it in.

If you're hoping to drive your old car into the ground, you may be overpaying for car insurance coverage that doesn't match what your car's actually worth.

Comprehensive and collision only pay out up to your car's actual cash value, minus your deductible. If your car's only worth $2,000 but you're paying more than that a year in premium, comp and collision can't even pay you back what you're putting in. At that point liability-only usually makes more sense.

If you're trying to save $$ on bills, pull your car's actual cash value, and check it against what you're paying for comp and collision coverage.