8. Increase the Deductible
The deductible is the amount paid out of pocket by the policyholder before an insurance provider will pay any expenses. The higher the deductible, the lower is the amount an insurer is liable for and hence explains the lower insurance premiums. A very common deductible is close to $250 which can easily be increased to $500 or $1000 for nearly all types of insurance and insurers can crunch the costs of an insurance policy with the different deductibles. This could lead to a good amount of savings.