<prompt> Human: Were having a baby and trying to save money. It is time for our annual insurance renewal. We pay like 1200year for 2 cars and a house. I think we both have the standard 100300100 policy with 2000 medical coverage, glass, car rental reimbursement. How do I know if thats too much? I spoke to my agent and reducing it to 5010050 and removing the medical coverage would really only save me about 150 per year. I was hoping to save quite a bit more than that : having a baby is expensive!  <response>: Skimping on insurance can massively backfire.I would not suggest using insurance as your go to place for making cuts to your lifestyle.The go to place for making cuts should be luxuries first. 