Been looking at my monthly expenses and insurance is eating up a decent chunk. Wondering if anyone's tried lowering their coverage a bit to save money... risky move or smart budgeting?
I've been down this road myself and totally get why you're considering it. Before you dive in, here's a quick rundown of how I approached it:
First, I looked at my policy line-by-line (boring, I know... but worth it). Found out I was paying extra for roadside assistance and rental car coverage, which I already had through AAA and my credit card. Dropping those saved me a decent chunk without touching the core coverage.
Next, I considered raising my deductible slightly. This can lower your monthly premium noticeably—but make sure you've got enough cash stashed away to cover that higher deductible if something happens. It's kind of a balancing act between immediate savings and potential future costs.
Personally, I'd avoid cutting liability or comprehensive coverage too much, especially if you've got family depending on the car. Saving a few bucks now isn't worth the stress later if something goes sideways. Just my two cents from someone who's been there and done that... carefully!
