What is the best way to save money on your homeowners policy?

What can I do to bring my homeowners insurance rate down? I am looking to lower the cost of my homeowner's policy. I don't want to lose any coverage, but I do think the price is too high.

Answer
“The cost of homeowner’s insurance can fluctuate along with the price of building materials.
If your insurance is rolled into the escrow payments, it can be hard to notice when the rate increases.
A few things can be done to lower the price of your homeowner’s policy without removing any coverage.
First, check in with your carrier and see what discounts are available. For example, you may be able to take advantage of extra savings for security systems and home improvements like storm shutters.
Take a look at your deductible. Is it feasible for you to increase it for a lower premium? If it is $500, get quotes for $1,000 or $2,000, it may save more money than you think!
Another option is to shop around for a lower rate. If you bundle your homeowners policy and auto policy with the same company, you will receive a multi-policy discount.
The easiest way to save money is by downloading the free Jerry app. Jerry shops for insurance with over 50 carriers and delivers the lowest options right to your phone.”
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Shannon Martin
Answered on Jul 26, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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