14 Feb 2019
How You Can Reduce Your Home Insurance Costs

Try out these suggestions to lower your homeowners insurance rates.

As a homeowner, you are probably interested in lowering your home insurance rates as much as possible.  Fortunately, there are several things that you can do to access insurance savings.  Here are some of the tips that you should try to reduce your home insurance premiums.

  • Bundle Your Policies

Oftentimes, insurance companies sell multiple forms of insurance.  If you are interested in securing multiple policies from a single insurer, then you should bundle these policies together.  When you bundle, you unlock special discounts on all of your policies, and you can save on your home premiums.

  • Raise Your Deductible

Another way to reduce your home insurance premiums is by raising your deductible.  Your deductible is the amount of money that you agree to pay towards a claim before your insurance coverage kicks in.  It’s important to know that your deductible and your premiums have an inverse relationship.  This means that the higher your deductible, the lower your insurance rates will be.

  • Make Home Safety Upgrades

Homeowners can unlock special insurance discounts when they make home improvements that increase the safety of their property.  For instance, replacing your roof, investing in a home security system, and upgrading your home’s electrical system are all ways to better protect your home.  The lower your risk, the lower your insurance rates will be.  Ask your insurer for a list of home upgrades that you can make to lower your insurance premiums.

These are some of the tips that you should try to reduce your homeowners insurance rates.  Do you have additional questions regarding your home coverage?  If so, then contact us at Patterson & Associates in Richardson, Texas.  Our dedicated team is eager to assist you with all your insurance needs today.