5 Result-yielding Ways To Save Money On Your Homeowners Insurance


Is that hefty amount scaring you off from insuring your home? If your answer is yes, keep reading!

Homeowners insurance is the type of insurance that covers your home and personal belongings. It provides you protection against disasters and financial ruins concerning your home.

Homeowners insurance can be quite an expense, but the good part is — it doesn’t always have to be mad expensive. In that regard, what are 5 result-yielding ways to save money on your homeowners insurance? Let’s find out!

Shop Around

Getting insurance is a huge deal, so taking your time to research and go through your options is worth it.

Get price quotes from different insurance companies.

Ask other people for recommendations.

Look for financially sound insurance companies.

Don’t choose on the basis of prices only. Consider other factors such as customer service as well.

Bundle Policies

Bundling policies almost always helps save money.

This is how it works. Let’s say you purchase homeowner’s insurance from an insurance company. Now, if you remain a loyal customer and buy other policies from the same provider (let’s say, car insurance), the company will reward you for your loyalty by offering discounts.

So, if you’re looking into other types of insurance, be sure to purchase it from the same provider.

Work On Your Home Security

You can also save bucks on your homeowners insurance by improving your home security.

For example, you can install fire and burglar alarms and expect discounts of at least 5%. If your alarm systems ring at monitoring stations (such as a police station), you can secure up to a 20% discount on your premiums. 

Although initial costs of installation can be high, it will give you two fewer reasons to be up at night — one, better security, and two, saving money.

Increase Deductibles

A deductible is a fixed cost you pay in the event of a covered loss. By increasing this amount, you can lower your premiums. So, if you choose to pay a higher deductible, you can save considerably on your monthly premium costs.

Generally, raising deductibles is a good idea for people with lesser threats to their homes. It is also advised to raise deductibles only to realistic amounts, so you can actually pay that price out of pocket when the need arises. 

Stick To The Same Insurer

This is another instance of customer loyalty.

If you stay with one company for long enough (generally, at least three to five years), you will receive discounts for being a long-term policyholder.


You need homeowners insurance to provide protection to your safe haven — the place you and your loved ones cherish the most. But remember, that doesn’t mean you have to create a hole in your pocket! 

By following the 5 tips on how to save money on your homeowners insurance as listed in this blog, you can considerably save on your insurance policy without sacrificing your need for protection.