Contact the insurance broker

Insurance premiums might eat a big portion of your budget, so don’t be afraid to negotiate a better price. You can simply call your insurance broker and pop the question of how much you can save by increasing your deductibles.

Also, try to find out whether or not there might be any available discounts for you. Are there any other providers they already represent that could have less expensive options? When you compare to see which one’s better, make sure you check the same coverage, if that’s adequate, and if you’ll have deductible amounts set aside in your savings accounts.