I recently received a notification of the annual insurance premiums for our cars. It was a real shocker. Our insurance has increased by about a third!  
 
My insurance advisor told me the increase was standard across the industry because of the number of claims and size of settlements. There was very little difference in the alternative quotes which were obtained. I was advised that home insurance has also increased significantly. 
 
I’ve previously written about reviewing insurance premiums every year. That advice is more on point than ever. Look for opportunities to change your coverage. Consider increasing deductibles on your cars and home; reviewing the coverage to rebuild your home; reviewing whether you need ryders on jewellery, art, etc.; checking mileage driven to work; and checking whether you’re receiving a discount for having winter tires.  
 
The reports say inflation is about 2%.  Well it’s definitely not 2% in my world!