Top 3 insider hacks slashing insurance for apartment costs
Hack #2: Increase Your Deductible
Another insider hack to reduce your insurance costs is to increase your deductible. The deductible is the amount you pay out of pocket before your insurance kicks in. By opting for a higher deductible, you can significantly reduce your monthly premium. For instance, increasing your deductible from $500 to $1,000 could lower your premium by as much as 20%3. It's crucial, however, to ensure that you have enough savings to cover the deductible in case of a claim.