3 Ways To Lower Your Premiums On Home Insurance

​Owning a house is a significant investment, and because of this, you would want to protect it. One of the ways you can protect your investment is to buy home insurance. You may think of it as an additional expense, but it is unavoidable.

It may feel like a big expense. But that is nothing, knowing you will have security when something happens to your house.

The cost of your home insurance policy can vary from one insurer to another. The price of your plan is something you cannot control. But you can do something to make your coverage more affordable.

1. Raise Your Deductibles 
   Going for a higher deductible is a surefire way of reducing your home insurance rate. Your deductible and insurance coverage work like a seesaw. The higher the deductible, the lower the premium. Most insurance companies recommend a $500 deductible. If you can increase it to $1,000, you can get as much as 25% savings.
   
   For a disaster-prone residence, your plan will include a separate deductible for damages. Such as windstorms, hailstorms, fires, or earthquakes. Just make sure to choose a manageable amount in your budget if you need to make a claim.
   
   
2. Bundle Your Home And Auto Insurance 
   As an incentive for repeat customers, some insurance providers will offer huge discounts. If you buy two or more policies from them, Consider bundling your homeowners, auto, and liability coverage. And receive 5 to 15 percent discounts on your premium.
   
   But, when taking this route, ensure the bundled price is lower than buying the two separate policies. It is best to buy them from the same insurer to save on costs. 
   
   
3. Less Is More 
   Sometimes the excitement of owning a new home can get the better of you. Of course, you would want to protect your loved ones who will live with you at the new home. But make sure that you don't over-insure your home and belongings.
   
   Think long and hard about what types of coverage you need and don't need, and choose appropriately. Consult a licensed home insurance broker to help you choose the right amount of coverage you need for your home.
   
   Protecting your home doesn't mean you will spend all your money on the things you don't need. These tips help you save money on your home insurance policy.

Final Thoughts 
At AllRisk Auto Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (360) 693-4044. You can also request a free quote by CLICKING HERE.