Cash-saving tips that pay big bucks - cont.

Raise the deductibles

The average individual annually spends $4,704 on health insurance premiums, according to the Kaiser Foundation; $1,954 is spent on car insurance premiums, according to RateWatch auto insurance; and $804 is spent on homeowners insurance, reports the Insurance Information Institute. That's $621.83 per month on insurance premiums alone.  Smart spenders can sidestep some of those premiums by raising their deductibles.How much you save is going to vary from policy to policy, but it does pay to go back and see where you can trim some fat.

What it's worth: According to ConsumerReports.org, raising your homeowners insurance deductible from $250 to $1,000 can save you a sweet 25 percent. That's $201 alone. Assuming that raising your deductible could lower your other two insurance bills by a modest 10 percent, consumers can save $866.80 per year on average.

• A one-time deposit of $866.80 grows to $2,392.
• Annual deposits add up to $21,782 in 15 years.

Time the vacations

Saving money means scouting hot vacation deals.For example, Nicaragua, the whole trip -- airfare and tours -- only cost  $500 each. That's what happens when you vacation somewhere cheap in the off-season.
On top of saving on airfare, those who leave their hometown when nobody else does can also save anywhere from 20 to 50 percent off hotels and tourist activities. Combine that savings with discounts from online promotional codes, and consumers can travel much cheaper this year.
What it's worth: A study conducted by Visa shows that the average consumer plans to blow $1,654 per person on their summer vacation. Flip that vacation from summer to winter, factor one-fourth off hotel, airfare and entertainment, and that $1,654 drops down to a $1,241 vacation budget, for a $413 savings.

• A one-time deposit of $413 grows to $1,139.
• Annual deposits of $413 add up to $10,378.

Negotiate

The art of haggling is alive and well. Staunch advocates of negotiating for good bargains, say that you can get breaks on everything from plumbing to preschool simply by asking.It especially works if it's a local vendor that operates on reputation or you've been a loyal customer. Even if you were to miss two (credit card) payments and you are good and loyal customers, they often waive any fees.
What it's worth: You can't put a number on this one. You might be able to save an extra $360 per year on preschool bills, but amateur hagglers may not be so lucky. While there's no guarantee that haggling will pay off, it couldn't hurt."