13. Increase Your Deductible
“How much risk are you willing to bear?” Conroy asks. If you raise the deductible, you might be able to substantially reduce your premium. Go from a $1,000 deductible to a $3,000 deductible on a $100,000 boat policy, and you can decrease your premium payments by 5 percent or greater. Estimated Savings: $50
Have some tips of your own for boating on a budget? Head to the forums to share them with your fellow boaters!