Your homeowners insurance provides a blanket of protection, shielding your most valuable asset, personal possessions, and savings from a wide range of unpredictable threats. Of course, this doesn’t mean you should pay more than necessary for the coverage you need. Fortunately, there are a few steps you and every homeowner can take to lower your premiums without leaving gaps in your coverage.

3 Ways to Reduce Homeowners Insurance Premiums

1. Raise Your Deductible

The deductible is your share of the costs that you have to cover before your insurance policy kicks in. For instance, if you have a $500 deductible and a tree falls on your roof causing $2,000 in damage, your policy will pay $1,500 for repairs. Higher deductibles usually translate to lower premiums, potentially saving you hundreds of dollars every year.

2. Install an Alarm System

Insurance companies base their premium prices on how likely you are to file a claim, so any steps that reduce risk usually result in lower costs. Modern alarm systems deter thieves and send fire alerts, so insurers typically offer significant discounts to homeowners who invest in such safety measures.

3. Build Up Your Credit Score

It may seem unfair, but insurance companies link poor credit rankings with the higher likelihood that someone will file a claim. If your credit is less than perfect, focus on building up your score by paying down debts and making payments on time. A good credit score makes it easier to secure affordable financing in the future and can bring down your insurance premiums as well.

Since 1949, Albers Insurance Agency has helped homeowners throughout Greater Cincinnati protect the things that matter most. Their team of experienced agents will take the time to understand your needs and find a policy tailored to meet them. See a complete list of their products and service online, follow their Facebook for more money-saving tips, or call (513) 891-3304 to request a free homeowners insurance quote today.