My homeowners insurance premium just went up.

Did your homeowners premium go up? Use these tips to see if you can get a lower rate.

Saving money on home insurance is often a priority for homeowners. Here are some strategies to help you reduce your home insurance costs:

Shop Around: Obtain quotes from multiple insurance providers to compare rates and coverage options. Prices can vary, so it's essential to explore different companies. Insurance companies charge different rates, and your company might have raised your rates. You can shop around for a better price, or let us do it for you.

Bundle Policies: Consider bundling your home insurance with other policies, such as auto insurance, with the same provider. Many insurance companies offer discounts for multiple policies.

Raise Your Deductible: A higher deductible typically leads to lower premiums. However, be sure you can afford the higher out-of-pocket expense in case of a claim. Choosing a policy with a higher deductible can lower your premium. But remember that a higher deductible means you might have to pay more out-of-pocket if you have a claim. How much can you afford to pay if your home is damaged?

Home Security Systems: Installing a security system, smoke detectors, burglar alarms, or other safety features may qualify you for discounts on your insurance premium.

Home Improvements: Renovations or upgrades that improve your home's safety, such as a new roof, storm shutters, or reinforced doors, may result in lower premiums.

Maintain a Good Credit Score: In many states, insurers use credit scores to determine premiums. Maintaining a good credit score can positively impact your insurance rates.

Claims-Free Discount: Some insurance providers offer discounts for policyholders who haven't filed any claims during a specified period. This is an incentive for maintaining a claims-free history.

Review and Update Coverage: Regularly review your coverage to ensure it aligns with your current needs. If you've made significant improvements to your home or have downsized possessions, you may be able to adjust your coverage and lower your premium.

Age of Home: Newer homes may qualify for lower premiums due to modern construction standards. Older homes might cost more to insure, especially if they haven't been updated.

Membership Discounts: Some insurance providers offer discounts to members of certain organizations, professional groups, or alumni associations. Inquire about potential discounts related to your affiliations.‍

Compare Different Coverage Levels: Evaluate different coverage levels and choose the one that meets your needs without unnecessary add-ons. Be cautious not to underinsure your home, though.

Remember that while cost savings are essential, it's crucial to maintain adequate coverage to protect your home and belongings. Always read policy details carefully and consult with insurance professionals to make informed decisions about your coverage.

Talk with a licensed insurance agent or Get a free home insurance quote