Group and Private Insurance

How to Lower Homeowners Insurance Premiums

Your homeowner’s insurance rate is based on several factors. One of them is location.

If you are planning to move to a new home, be sure to see how much the new home costs to insure. Sometimes you will find that similar homes in adjacent zip codes have very different homeowner’s insurance rates.

Raise your deductible if you are comfortable doing so. A higher deductible lowers your price but puts you more at risk.

Review the discount offered by your policy. You may save by having a central reporting alarm installed. You may also lower your premiums if you have your car insurance with the same carrier.

Shop around. Very often a competing insurance company will provide the same coverage at a lower rate.