1. Raise your auto insurance deductible
Goran Bogicevic / Shutterstock.com
Auto insurance pricing is all about risk. Having a higher deductible means you assume more risk up front, so you’ll likely pay less in premiums. If you have an accident after raising your deductible, you will need to pay a greater share of your auto repair costs. However, if you make it through the year accident-free, it is pure savings.