Home insurance offers an umbrella of coverage that protects your house, your personal belongings, and even your financial future. While this coverage provides peace of mind and shields you from a variety of risks, no one wants to pay more than necessary. Fortunately, there are some ways to reduce your premium costs without sacrificing coverage.

How to Reduce Your Homeowners Insurance Costs

1. Invest in Home Security

In addition to protecting the house itself, home insurance also covers personal possessions lost due to theft or vandalism. Home security systems deter intruders from entering the house, reducing the chances that you'll need to file a claim. Because security upgrades reduce a carrier's risk, they may result in a substantial discount on your premiums.  

Many modern security systems also monitor the home for fire, dangerous gases, and even water leaks. Installing a high-tech smart home system can dramatically reduce your coverage costs and help prevent disasters.

2. Raise Your Deductible

The deductible on an insurance policy is how much you’ll have to pay before your coverage kicks in. For instance, if a storm causes $4,000 in damage to your roof and the policy has a $1,000 deductible, your insurer will cover $3,000 worth of repairs.

Because they reduce the risk you’ll have to file a claim, a higher deductible will usually result in much lower premiums. Over the life of the policy, this can save thousands of dollars. Just ensure you have the cash set aside to pay the deductible if you do need to file a claim.

3. Make Home Improvements 

The standard home insurance policy covers damage caused by wind, hail, and broken plumbing pipes. Taking steps to protect your home from these perils could reduce your coverage costs by hundreds of dollars per year. 

Adding storm shutters to your home, using fire-resistant roofing materials, and installing a sump pump in the basement can all lower your premiums. If you live in an older home, consider upgrading outdated electrical and plumbing systems.

If you’re shopping for home insurance anywhere in northeastern Alabama or southern Tennessee, Goggans Insurance offers the personal attention and affordable solutions you deserve. Their agents proudly serve homeowners in northeast Alabama and Tennessee, including Fort Payne, Centre, Boaz, Rainsville, and Jasper, TN, building a 30-year reputation for quality service and tailored policies from some of the industry’s leading carriers. To request a free home insurance quote, visit their website or call (256) 845-7777 for more information.