Suggestions to Reduce Your Home Insurance Premiums

What you can do to lower your homeowners insurance rates.

Like many other homeowners, the last thing that you want to do is pay more for your homeowners insurance in Carrollton, Texas than you have to.  Fortunately, there are steps that you can take to reduce your home insurance costs.  Here are some of the strategies that you should use to save money on your homeowners insurance premiums.

Increase Your Deductibles

One way that you can lower your insurance premiums is by raising the deductibles on your policy.  Because your deductible and premiums have an inverse relationship, increasing your deductible amount will translate into a drop in your premiums.  However, it’s important that you do not take this strategy too far.  Increasing your deductibles too much could prevent you from accessing your home insurance coverage when you need it the most.  So, make sure you never increase your deductibles to an amount that’s higher than you can comfortably afford to pay.

Bundle Your Policies

Most insurance companies offer multiple forms of insurance.  If you secure more than one policy from a single insurer, then you usually have the option to bundle these policies.  When you bundle your home insurance with auto, motorcycle, or another form of insurance, then you can access discounted rates on all your bundled policies.

Improve the Safety of Your Home

Homeowners can access special discounts when they make upgrades that improve the safety of their homes.  For instance, replacing your roof, investing in a smart home security system, installing monitored smoke alarms, and making electrical and plumbing upgrades are all great ways to make your home safer. The fewer risks that your home faces, the lower your insurance rates will be.  Make sure you speak to your insurer to find out which home upgrades will help you save on your insurance costs.

These are some of the things that you can do to lower your home insurance costs.  Do you have additional questions regarding your homeowners insurance in Carrollton, Texas?  If so, then contact the experts at Mike Leonard Insurance Agency.  Our dedicated team is eager to find you the right coverage from one of our many carriers including: Kemper, MetLife, Nationwide, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.