When you save money on insurance by cutting coverage it's a good idea to take a portion of the savings & fund an emergency account for just such an event. I learned the hard way years ago. I continue to drive without comprehensive - I just have liquidity to cover any unfortunate events.
Now I do the same thing with my mortgage. WOW!! talk about hauling in the cabbage! I've got a 1.25% loan. MY payments are WAAAY down, I'm debt free otherwise, I save what would have been the difference on a 30 year fixed loan (which is easy 'cause I have no other debt), & I am paying off principal more than twice as fast to boot!! By the time I retire, I expect to have over 2 million in savings and I'll have paid off my home. Not at all shabby.
The great thing is... anybody can do it!
