Many people say that you should increase your deductible to reduce your insurance premium. I have also found out that you should also consider canceling windshield replacement coverage. The reason being is that replacing a windshield typically costs less than $500. Your higher deductible would therefore not allow you to get any money back. I'm sure this varies from company to company but with TD Meloche Monnex, I save over $100/year by doing this.