How To Save Money On Common Insurance Policies
- By
Julia Austin
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Increase your deductible a bit
Increasing your deductible a bit is always a sure way to reduce monthly premiums. Just make sure not to set your deductible to anything you wouldn’t be able to pay, should something happen. But look at it this way: a deductible is something you might pay one day, if something goes wrong, but a premium is something you’ll definitely pay, and you won’t get those dollars back. So ask yourself if you’re willing to increase your deductible from $1,000 to $1,500, knowing you may never pay that extra $500, and will definitely get an immediate discount.
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