{"id":2911,"date":"2023-08-17T17:44:43","date_gmt":"2023-08-17T17:44:43","guid":{"rendered":"https:\/\/www.gethomeinsurancequotes.com\/blog\/?p=2911"},"modified":"2023-08-17T17:44:44","modified_gmt":"2023-08-17T17:44:44","slug":"2023-top-5-ways-to-lower-your-homeowners-insurance-premium","status":"publish","type":"post","link":"https:\/\/www.gethomeinsurancequotes.com\/blog\/2023-top-5-ways-to-lower-your-homeowners-insurance-premium\/","title":{"rendered":"2023 – Top 5 Ways to Lower Your Homeowners Insurance Premium"},"content":{"rendered":"\n
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As the cost of homeowners insurance continues to head up, it is more important than ever to look for ways to keep your premium affordable. According to Money Magazine, the average home insurance premium is expected to climb to $1,784 in 2023 which is a shocking 9% increase from 2022.<\/strong><\/p>\n\n\n\n

We thought it might be a good idea to look at a few different ways to lower your premium as higher construction costs, rising property values and increased natural disasters due to climate change push up the cost of homeowners coverage.<\/p>\n\n\n\n

Here are a few tips on how to lower your homeowners premium:<\/strong><\/p>\n\n\n\n

Raise your home insurance deductible<\/strong><\/h2>\n\n\n\n

Insurers love it when you have more skin in the game so raising your deductible will usually result in a significant discount. If you can afford to double your deductible, you could see your premium drop by up to 20 percent. <\/p>\n\n\n\n

Always choose a deductible that you can easily afford in the event that you have to make a claim on the policy. Homeowner deductibles typically range from $500 to $2,500 or higher. <\/p>\n\n\n\n

Insurance discounts will help you save<\/strong><\/h2>\n\n\n\n

Insurance companies offers tons of discounts, so it is important to make sure you are getting all of the discounts<\/a> that you qualified to receive. Ask your agent or insurer to do a discount check to make sure all available discounts are being applied to your policy.<\/p>\n\n\n\n

Here are just a few homeowner discounts that most insurers offer: <\/p>\n\n\n\n