Lower Your Homeowners Insurance Premium

Lower Your Homeowners Insurance Premium

Jan 19, 2023

Homeowners insurance is a necessity for all new and seasoned homeowners. It can keep both your family and belongings safe during unexpected crises like fires, weather damage, and burglaries. However, a monthly homeowners insurance premium can be expensive and difficult to manage, especially if you’re a first-time homebuyer. Let’s explore some simple tips for lowering your homeowners insurance premium.


1. Ask for Quotes

A fantastic way to lower your homeowners insurance premium is to get multiple, free quotes. Different insurers offer different rates, so it pays to do your research ahead of time. Make sure to compare coverage levels, deductibles, discounts, and customer service ratings when choosing an insurance provider.

Once you find a policy that meets your needs at an affordable price, remember to read all the fine print. Don’t jump to conclusions right away. Instead, note any policy that catches your eye and keep it in mind for future reference. You may find a better deal when you least expect it.

2. Look for Deals

When it comes time to renew or buy a new policy, make sure to ask for deals from different providers. Some companies offer discounts for certain features like smoke detectors, alarm systems, or fire extinguishers. Remember to ask about these when looking for the best deal.

Compare all noteworthy quotes and select your top two or three providers. Consider meeting with an agent in person, especially if you have specific questions about any policy. They may be able to offer you other discounts if you qualify for them.

3. Work with Independent Agents

We always recommend working with an independent insurance agent to reduce your premium. They’ll be able to offer you quotes from various providers without locking you into one company over another. Plus, they may even have access to exclusive discounts for bundling multiple policies into one monthly payment. Don’t be afraid to ask for exactly what you want. A reputable agent will gladly help you find the perfect policy for your unique needs.

4. Raise Your Deductible

One of the easiest ways to lower your homeowners insurance premium is to raise your deductible. The higher it is, the lower your monthly payments will generally be. Keep in mind that you should only raise your deductible if you’re easily able to cover it if something were to happen.

Increasing your deductible can significantly lower your homeowners insurance premium. A higher deductible means a lower premium because the insurer is taking on less risk by providing coverage for you. Just be sure that you can afford any potential costs associated with a higher deductible before making this decision.

Hopefully, you’ll rarely have to file a homeowners insurance claim. If you’re worried about paying a higher deductible, then consider taking some steps to secure your home. This tends to reduce the likelihood of needing to file a claim at all in the future.

5. Secure Your Home

Another way to lower your homeowners insurance premium is by making sure your home is protected from potential risks like fires, theft, and vandalism. Install smoke alarms and fire extinguishers throughout the house, and invest in security systems such as burglar alarms or surveillance cameras. These measures can reduce risk factors associated with owning a home and may also directly affect your homeowner insurance premium.

You may also want to think twice before buying a trampoline or installing a swimming pool. Believe it or not, risky additions like these can increase your homeowners insurance premium.

Reduce Your Homeowners Insurance Premium Today

Lowering your homeowners insurance premium doesn’t have to be complicated or expensive. Start by comparing quotes from different insurers, then consider working with an independent agent or increasing your deductible. Following these simple steps can help you save money without sacrificing any coverage.

If you have questions about your deductible or homeowners insurance premium, then we encourage you to give us a call or contact us online today. Our independent agents are always eager to help you reduce your costs and insure your family’s most treasured assets.

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Mike has been my insurance agent ever since I moved to Lincoln. He is always a phone call away and will do everything he can to make sure that my needs are handled. Whether that be making house calls to discuss life insurance with me and my husband or climbing up on the roof to m...Jessica A.Lincoln NE
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