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Strategies to Reduce Insurance Costs

One effective strategy to lower your insurance premiums is bundling. Many insurance companies offer discounts when you purchase multiple types of coverage from them, such as home and auto insurance. By consolidating your policies, you not only simplify your payments but also potentially unlock significant savings. According to the Insurance Information Institute, bundling can save you up to 25% on your premiums1.

Another approach is to increase your deductible. While this means you'll pay more out of pocket in the event of a claim, it can substantially reduce your monthly premium. It's crucial to evaluate your financial situation and risk tolerance to determine the deductible amount that balances affordability with peace of mind.

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