When I first started getting serious about budgeting and found that my expenses exceeded my income, I took a hard look at my insurance policies. I had low deductibles on my homeowners and auto policies, and these were causing my premiums to be high. I discussed the situation with my insurance agent, and after realizing I could easily cover a portion of losses with my own savings, I raised the deductibles. I received a substantial break in my premiums, so I would recommend that you take a look at your own policies and see if this is an option for you.
Let me interject people should check their medical deductibles as well. Sometimes the savings can be substantial simply by raising the deductible to the next level. If you don't experience illness very often or haven't been hospitalized, this can be a very smart move.
By the way, some policies offer a neat little service that allows you to keep your this year's premium level for up to 3 years. Since health policy premiums rise an average of 10 to 25% per year, this could mean saving a good chunk of cash.
Just my 2ยข
Tom
