Introduction
Homeowners insurance protects your biggest asset, but that protection shouldn’t break your budget. Here are five actionable ways to keep your premiums manageable.
1. Bundle Your Policies
Combine your homeowners and auto insurance with the same provider. Multi-policy discounts can cut your bill by 10–25%.
2. Increase Your Deductible
Raising your deductible from $500 to $1,000 or more can significantly lower your premium. Just ensure you have enough in savings to cover it.
3. Improve Home Safety
Installing a monitored security system, smoke detectors, and fire alarms may qualify you for valuable discounts.
4. Avoid Small Claims
Frequent claims can drive up your premiums. Pay out of pocket for minor repairs to maintain a clean claims record.
5. Shop Around Annually
Rates vary between providers. Review your policy and compare quotes each year to ensure you're getting the best value.
Conclusion
Homeowners insurance is essential, but overpaying isn’t. Implementing these tips can help you keep your coverage affordable without compromising on protection. Use our Homeowners Insurance Calculator to estimate your premium and explore your savings options.
FAQ:
Q: How much can bundling really save?
A: Many insurers offer up to 25% off when you bundle home and auto.
Q: Will switching insurers hurt my credit?
A: No. Insurers do a soft credit check, which doesn’t affect your score.
Q: Are online-only insurers safe?
A: Yes, as long as they’re licensed and financially stable—check AM Best ratings.