Slashing Homeowners Insurance Costs With Secret Insider Tips
Increase Your Deductible
One of the most straightforward ways to lower your homeowners insurance premium is by increasing your deductible. The deductible is the amount you pay out of pocket before your insurance kicks in. By opting for a higher deductible, you can significantly reduce your premium. For instance, raising your deductible from $500 to $1,000 could result in a premium reduction of up to 25%2. However, it's important to ensure that you have enough savings to cover the higher deductible in case of a claim.