Home insurance is an essential risk management plan that helps you protect an important investment. In addition to covering damages to the structure and contents of the home, it also guards you against personal liability if you or a member of your household should accidentally injure someone or damage their property. All of this protection comes at a cost, but use the tips below to reduce your premiums.

3 Ways to Lower Your Home Insurance Rates

1. Increase Your Deductible

The deductible is the amount you must pay before your home insurance provider contributes. The higher your deductible, the lower your carrier's risk. Therefore, higher deductibles often mean lower monthly premiums. Before doing this, make sure you’re ready to pay higher amounts out-of-pocket in case of a claim.

2. Bundle Coverage

Many insurers offer discounts if you purchase more than one policy from them. For instance, getting home and auto insurance from the same carrier will often cost less than if you were to purchase them separately. Insurers want to encourage you to buy all your policies through them, so they'll gladly cut you a great deal.

3. Improve Your Credit Score

One of the key factors that determine your home insurance cost is your credit rating. This is because a higher credit score may lower the risk when it comes to insuring you. 

Take advantage of this by improving your credit. Acquire a copy of your report and challenge any inaccurate data. You can also work on improving your score by making timely payments and avoiding charge-offs. Within a few years, you should feel the financial benefits of your hard work.

To have a friendly, experienced agent help you design an insurance package that fits your needs and your budget, contact Mazzola Insurance in Rochester, NY. They serve clients in and around Monroe County and often provide coverage despite negative records. Visit their website to get an instant home insurance quote or call (585) 266-7130 to schedule a consultation.