Are you saving as much money as you can be? Are you taking advantage of all of the cost-reducing options out there? Take this cost reducing quiz to find out if you can be saving even more money!

1. You have full automobile coverage on your car. You would like to reduce the expenses on your automobile insurance without sacrificing your full automobile coverage. What is the best way to save money and lower your monthly or annual car insurance cost without sacrificing any of your car insurance coverage?

A. Drop your liability and comprehension insurance coverage

B. Raise the car insurance deductible

C. Pay the car insurance bill monthly

A. False - Having more than one car on a car insurance policy will not lower your annual auto insurance premium

B. True - Having more than one car on a car insurance policy will lower your annual auto insurance premium and save you money 

3. During the summer months, there are usually peak hours that utility rates are more costly, tending to strain anyone's budget. It is usually suggested not to cook, run the air, dishwasher, or laundry during these hours. Refraining from using these utilities during peak hours helps in saving money and staying within budget. What are those peak hours?

A. Between 12:00 p.m. to 4:00 p.m.

B. Between 6:00 p.m. to 8:00 p.m.

C. Between 3:00 p.m. to 8:00 p.m.

4. Utilities are getting expensive. Keeping consistent, unchanging utility bills is a great way to save money when utilities are becoming pricier. One way to avoid higher utility bills and save money is to do what?

A. Use the budget plan

B. Turn down the heat

C. Do not run the dishwasher during peak times