One good way of reducing insurance costs is not to buy insurance in the first place! This may seem like a very glib comment but sometimes a better alternative to spending a great deal on insurance is to reduce or even eliminate certain insurable risks. For example --

If you are planning a holiday and you have health problems, take a careful look at the cost of medical treatment in the United States of America and you will realise why insurance companies will throw a fit and quote you a huge premium for holiday insurance if you go there. Would you not enjoy a holiday in Europe instead? By simply changing the venue you could save yourself hundreds of pounds and possibly even more in insurance costs.

In the UK? Try here for learner driver insurance or here if you need to avoid bankrupcy

Have you inherited an old Master or a silver collection? Alternatively, do you own a lot of expensive jewellery? Items like these are targets for thieves and keeping them in your home will make you more liable to be burgled; and insuring them would be very expensive. Why not invest in a solid, fireproof safe hidden away inside a wardrobe and bolted to the wall, or a good burglar alarm system? Alternatively, could the items be stored in a safe deposit box at your local bank?

You're driving record is not terribly good. Would it not be far better to buy yourself a safe, medium range saloon car which will be economic all to run, and which you can take the whole family out in, rather than that sexy, fast little two seater sports car with the awful accident record, that you have your eyes on?

I'm sure that you catch my drift. Merely by putting a little bit of extra thought into the way in which you arrange your affairs can reduce your risks, as well as your insurance premiums.