Here are simple, effective ways to lower your home insurance premiums without sacrificing coverage:
1. Shop Around & Compare Quotes
Get quotes from at least 3 insurers every 2–3 years (rates change).
Use comparison sites like Policygenius, NerdWallet, or The Zebra.
2. Bundle Insurance Policies
Combine home + auto insurance with the same provider for a 10–25% discount.
3. Raise Your Deductible
Increasing your deductible from
500
→
500→1,000 can lower premiums by up to 25% (just ensure you can afford the out-of-pocket cost if you file a claim).
4. Improve Home Security
Install burglar alarms, deadbolts, and smoke detectors (5–15% discount).
Add a monitored security system (up to 20% off).
5. Maintain a Good Credit Score
Insurers often use credit-based scores—higher score = lower rates.
Pay bills on time & reduce debt to improve your score.
6. Avoid Small Claims
Frequent claims can raise premiums—save insurance for major damage.
Pay minor repairs (like a broken window) out of pocket.
7. Ask About Discounts
Loyalty discount (staying with the same insurer for years).
Claims-free discount (no recent claims).
Senior, military, or professional group discounts.
8. Reduce High-Risk Features
Remove trampolines, pools, or aggressive dog breeds (or get extra liability coverage).
Replace an old roof (new roofs often qualify for discounts).
9. Review & Adjust Coverage
Don’t over-insure—ensure your coverage matches your home’s current value (not what you paid).
Remove unnecessary riders (like jewelry coverage if you don’t own any).
10. Pay Annually Instead of Monthly
Some insurers charge extra fees for monthly payments—paying upfront can save 3–5%.
Bonus: Stay with the Same Insurer (Sometimes)
Long-term customers may get better rates, but always compare—loyalty doesn’t always pay!
💰 Pro Tip: Call your insurer and ask for a review—they might offer new discounts you qualify for!
Would you like help finding the best home insurance providers in your state?