Saving money on home insurance doesn’t mean sacrificing coverage—it’s about being strategic. Here are 15 proven ways to lower your premiums while keeping your home protected:
1. Shop Around & Compare Quotes
Get quotes from at least 3-5 insurers (State Farm, Allstate, Lemonade, Progressive, local providers).
Use comparison sites like Policygenius, Gabi, or The Zebra.
Pro Tip: Rates vary widely—loyalty doesn’t always pay!
2. Bundle Insurance Policies
Combine home + auto insurance with the same provider (saves 10–25%).
Some insurers offer discounts for life insurance or umbrella policies too.
3. Raise Your Deductible
Increasing your deductible from
500
→
500→1,000+ can cut premiums 5–15%.
Warning: Only do this if you can afford the higher out-of-pocket cost in a claim.
4. Improve Home Security
Install burglar alarms, deadbolts, smoke detectors, or smart home systems (Ring, Nest).
Discounts: 5–20% for monitored security systems.
5. Maintain a Good Credit Score
Insurers use credit-based insurance scores in most states.
Tip: Pay bills on time, reduce debt, and check credit reports (AnnualCreditReport.com).
6. Avoid Small Claims
Frequent claims raise premiums or get you dropped.
Rule of thumb: Only file claims for major losses (e.g., fire, theft, storm damage).
7. Ask About Discounts
Common discounts insurers don’t always advertise:
✅ Loyalty (staying with the same company 3+ years).
✅ Non-smoker (reduces fire risk).
✅ New home (recently built houses get lower rates).
✅ Gated community or fire hydrant nearby.
8. Review & Adjust Coverage Annually
Don’t over-insure: Ensure your coverage matches your home’s current value (not what you paid).
Remove unnecessary add-ons like jewelry riders if you no longer own expensive items.
9. Pay Annually (Instead of Monthly)
Monthly payments often include fees or interest. Paying upfront saves 3–5%.
10. Upgrade Your Home’s Resilience
Storm-proofing: Impact-resistant roofs, storm shutters (saves 5–30% in hurricane-prone areas).
Fire-resistant materials: Brick, metal roofing, updated wiring.