Step 1 - Compare Prices
You should plan to shop around a bit before choosing a policy.
- Compare no less than five policies from different insurance companies - while it might be slightly time consuming to fill out five questionnaires, it will save you hundreds or even thousands of dollars in the long run.
Step 2 - Reduce Premiums
It is often possible to reduce premiums on a policy by talking to your homeowners insurance agent.
- Remember: the higher the deductible, the lower the premiums. Select the highest deductibles that you can without compromising your financial capabilities.
- Ask if you can do something in your yard such as maintaining fire-friendlier landscaping or fixing potholes in order to reduce your premiums.
Step 3 - Policy Discounts
You may be eligible for policy discounts on your homeowners insurance price by following any of these criteria:
- Purchase burglar alarms, deadbolts for doors and window locks, or sprinkler systems.
- Being a senior citizen homeowner.
- Purchase multiple policies from the same company; this means purchasing homeowners insurance from the same company that provides your car, health or life insurance.