Regarding insurance, a tactic of the frugal is to forgo insurance if you can withstand the loss. For example, my household does not purchase collision insurance

Regarding insurance, a tactic of the frugal is to forgo insurance if you can withstand the loss. For example, my household does not purchase collision insurance on our vehicles. Likewise we can withstand high deductibles and as a result obtain lower premiums on other sorts of insurance.