How To Save Money on Your Homeowner’s Insurance

When you own a home, you need to have the protection of insurance coverage to ensure your biggest investment is safeguarded from accidents, incidents, and catastrophes that can strike at any time. Insurance options are varied and you need to find the right policy at the right price. Homeowners typically don’t think much about the insurance coverage on their home until something happens but you can still find ways to save each year.

Here are some tips to help you save money on your homeowner’s insurance:

Compare to Save

When you first purchased your home, you may have felt pressured to find an agent and a policy to make it to closing. Since some time may have passed since that day, you may want to reconsider the policy you currently have as well as the provider you use. Use friends and family for referrals or look at different insurance companies online. Speak with several companies to find out what discounts they offer and what they can do to beat your current policy.

Consider Your Deductible

Your deductible is the amount of cash you have to pay out of pocket before the insurance coverage will kick in. The higher your deductible is, the less you may have to pay monthly which can save you considerably over time. Be sure you can afford to pay the deductible you select should something happen.

Ask for Discounts

Whether you plan to stay with your current insurance company or if you have chosen to venture somewhere else, you can ask for discounts directly. There may be loyalty discounts or updated breaks based on your home’s features. In some cases, you may never discover the discounts you can get unless you ask first.

Make Improvements

There are some simple things you can do to your home that can reduce the cost of your insurance premium. Adding smoke detectors or an alarm system can help you save money. Ask your insurance agent about inexpensive adjustments you can make to cut down the costs of your insurance.

Choose Your Dog Wisely

Large dog breeds like Rottweiler and Dobermans can increase the cost of your insurance premium. Before you pick out a puppy, check with your insurance agent about which breeds have an effect on your insurance premium.

Stop Smoking

Some insurance companies will offer discounts to customers who do not smoke so make sure you let your agent know if your home is completely non-smoking.

Put All Your Eggs in One Basket

If your insurance provider offers coverage for other things, ask about the savings you can get by adding coverage for your vehicles and life insurance coverage with one company. By consolidating, you can earn significant discounts on all of your insurance premiums.


  1. Always read the fine print of your policy. Check your policy carefully for limitations, exclusions and deductibles. For example landscaping, personal property, etc. Unscrupulous insurance companies can take advantage of you here. But again, the responsibility is yours. Important few things to discuss with your agent are flood insurance, windstorm insurance, maintenance, wildfires…

  2. Thanks for sharing this advice on saving money on your home insurance. It is nice that there is a big selection of things you can do to save money. I had no idea that the type of dog you have could increase your insurance that much! It sounds like I better make sure to get a docile puppy!

Speak Your Mind