If you’re looking to reduce the expenses in your family’s budget, there are many places to look, but perhaps, the first place you should look is your insurance. There are likely several types of insurance that you carry, but you should first focus on your homeowners insurance and your car insurance. Look at your current policies and decide on ways to reduce your premiums. The following are just a few tips on what you can do.

Reducing your car insurance
There are several ways to do this. Obviously, if you reduce your coverage, you will pay less premiums, but short of this, there are other things you may want to consider. The first is to increase your deductible. Naturally, this will mean a greater out-of-pocket expense if you were to have an accident. Then again, if you are a safe driver, this may be a good risk to take. If someone were to hit your car, you can file a claim with the other driver’s insurance company. You may be able to get certain discounts that you are not currently getting. For example, if you decide to park your car in a garage instead of the street, this can save you money on your premiums. A tracking device can be installed in case your car is stolen.

Reduce your homeowners insurance
There are many good ways to accomplish this. It is possible to reduce the risk of fire damage by applying a fire retardant to the shingles on your roof. There are security measures that can be taken to prevent theft and vandalism to your home. Flood lights with motion detectors are one example that insurance companies are found of seeing a homeowner have. When it comes to securing your home, you should in talk to an agent about which security devices will reduce your premiums.

Another thing you can do is buy your car and home insurance policies from the same insurance company. Many companies offer a discount when this is done. You can get quotes from one, such as unifor alberta, and you will find that this alone will save you money.