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Ways to Save On Insurance
Raise Your Deductible
Some companies offer a 25% discount on home insurance by increasing your deductible (the amount you, the insured, would pay in the event of a loss) from $500.00 to $1,000.00. Figure out how many claims you've had in the past 10 years and compare that to a 25% savings each year you paid on your home insurance. Also save yourself approximately 13% on your collision coverage for your auto by increasing your deductible to $500.00 from $250.00.

Consider Deleting Glass Coverage on your Auto
Glass Coverage for most new vehicles runs around $110.00 - $150.00/year. Considering you pay a $100.00 deductible and most North American model windshields cost around $250.00 - $300.00; it doesn't make much sense to insure the glass. Even with the 13-D endorsement (deleting glass coverage) your side and back windows are still covered in the event of attempted theft.

Does Your Vehicle Require Collision Coverage?
Is it worth $200.00 a year to insure a vehicle worth $2000.00 - $3000.00?

Insure all your Vehicles with the Same Company
By doing this you can, in most cases, qualify for multi-vehicle discounts (10%-15% off each vehicle). Check with your agent if you have vehicles with different insuring companies.

Before Submitting a Small Claim, Consider the Possibility that doing so may Increase Your Premiums
Most auto insurers provide "Accident Forgiveness" on the first accident. However, a second fault claim during a 6 year period will definitely affect your premiums. Cancellation or non-renewal could result, placing you in the Facility or non-preferred market.

With home insurance, you could lose your "claims free" discount. Be sure to contact your agent about the ramifications of putting in your claim. Remember that personal belongings stolen from a vehicle are covered under your home policy and not the auto policy. Also, a vehicle in your garage is covered only by your auto policy with no coverage under the home policy.

Do not cut back on the Important Coverages
Make sure you have the replacement cost coverage on your home or tenant's policies. I recommend a minimum of $1,000,000 liability on your auto policy. (Generally, the cost to increase this coverage from $500,000 to $1,000,000 would be less than $50.00/year).

Take a Personal Inventory of what you own:

In the event of a loss, you will be more accurate in determining what is missing. For those of you who are not prepared to make and update such a list, I suggest taking a video of your possessions. Most of us find it easier to remember with pictures rather than by memory.