12) Raise the Deductible on Your Collision Insurance
Depending on your driving history and specific collision insurance policy, raising your deductible may actually help you save money overall. In some cases, if you raise the deductible that you have to pay by a few hundred dollars, you may lower your premium by up to 30%. This is a good deal if your driving record is superb, since if you do not get into an accident and need insurance to cover some of it, the difference in deductible will not ultimately impact your finances, while the lower premium will save you money. Different policies may work differently, but this is definitely a change to consider if you are a good driver.
