Although being a homeowner is rewarding, it can be challenging to keep up with the financial responsibility. There are a variety of expenses to account for, including mortgage, maintenance, and home insurance payments. Fortunately, with proper planning, there are ways to lower your policy rates and still get high-quality coverage. Here are a few steps you can take to secure the best deal possible. 

How to Reduce Your Home Insurance Premiums 

1. Raise Your Deductible 

A deductible is the amount you are required to pay out of pocket before your home insurance kicks in on a claim. Choosing a higher deductible means you share more risk with your insurer; as a result, they are willing to give you a lower premium rate. However, you should never select a deductible that’s more than you are comfortable paying should you need to file a claim. 

2. Bundle Policies 

Insurance companies typically offer a discount to people who buy multiple types of coverage from them. The most commonly bundled policies are auto and home insurance. Thus, if you need more than one policy, consider shopping for everything through the same insurer. Having a single provider handle all your insurance needs will save you money and make your payment and claims processes more streamlined. 

3. Make Safety & Security Improvements 

Often, when you put effort into increasing your home security, your insurer will reward you with a reduced premium. Making certain upgrades will help minimize your risk of filing a claim due to damage or theft. Some common improvements to consider include replacing the roof, installing an alarm system and security cameras, updating the electrical, heating, and plumbing systems, as well as adding smart locks. 

4. Inquire About Discount Options 

Work with an experienced insurance agent to make sure you’re receiving every discount available. They will not only assist you in comparing policy prices from a variety of providers, but they will also look for additional ways to cut costs. You may also qualify for a better rate if you are over 55 years old, retired, have a high credit score, and maintain a smoke-free household. 

Whether you’re buying home insurance for the first time or renewing your current policy, it pays to find out how you can enjoy the most savings. For more than 30 years, C.I.S. – Crop Insurance Solutions, LLC has been entrusted to provide the residents of Moore County, TX, with reliable and affordable coverage. Because they are an independent agency, they offer many competitively-priced products to choose from as they help put together a plan suited to your needs. Call (806) 935-6512 to request a quote, or visit their website to send an inquiry online.