Money spent on home insurance is money well spent. When disaster strikes, you’ll be thankful to have a policy that lets you cover losses and damages to your valuable investment. It’s also a good idea to go over insurance options that would provide you with adequate protection at a lower rate. Here are some tips on how to trim costs on your home insurance.

How to Save Money on Your Home Insurance

1. Make Your Home Safer

Your insurance agency will assess whether your not your home is susceptible to threats from crime and natural disasters. Even if your house is located in a high-risk area, you can follow some steps to make your residence more secure. Consider performing some upgrades like reinforcing the roof, putting up storm shutters, modernizing your electrical and plumbing systems, or adding window locks and deadbolts. Some insurers are even willing to cut your premium by a significant amount if you install modern burglar and fire alarms. You can consult your insurance agent about other ideas on how you to make your home more resistant to disasters.

2. Get Your Auto Policy From the Same Insurer

Insurance companies offering multiple policy types are inclined to give you a discount if you bundle policies. Think about combining your auto insurance and home insurance coverage to save around 10% or 20% on your insurance rate. However, don’t forget to do your homework and check whether the bundled coverage price in one company will be lower than the combined price of separate coverage options offered by different companies.

3. Increase Your Deductible

Deductibles are what you pay out of your wallet before your insurance company begins to pay. By raising your deductible, you can lessen your premium. Many insurers recommend a deductible between $500 and $1,000 to save up to 25% on insurance costs. Nevertheless, be aware that deductibles may work differently if you’re located in a disaster-prone area. You’ll most likely have separate deductibles for specific natural disasters.

Reach out to America's Favorite Insurance & Tax in DeSoto, TX, if you need guidance when it comes to your home insurance. Their dedicated experts will save you precious time and money to resolve insurance and tax issues. They also handle auto insurance, business insurance, and liability insurance. Call them today at (972) 662-8221 to schedule a consultation or visit their website for answers to frequently asked questions about their services.