Home insurance protects your property, personal possessions, and financial future from the unexpected. If you’re building your policy, there are a few steps you can take to get the lowest premiums possible. To help you keep your costs low while avoiding unnecessary risks, here are a few tips for lowering your rates. 

How to Lower Your Home Insurance Premiums

1. Increase Your Deductible

Most home insurance policies have deductibles. This is the amount you’ll have to pay before your coverage kicks in. Raising your deductible reduces your insurer’s risk, which normally translates into lower premiums. Even if you do have to file a claim, the monthly savings you accumulated may pay for this higher amount. 

2. Install an Alarm System

Along with paying for damage sustained by your house, home insurance also covers your personal possessions from theft and vandalism. This is why premiums tend to be higher in areas with elevated crime rates. Advanced burglar alarms may deter crime, reducing the risk of losses. For this reason, installing extra security features often yields lower premiums. 

3. Use Lasting Materials

Insurance companies take a variety of factors into account when calculating premiums, including the building materials used in your home. If you’re planning a remodeling project or need a new roof, investing in options designed to withstand fire and wind may offer added protection. Solid wood and metal roofing are common durable materials.

4. Only Buy What You Need

Insurance companies offer many additions to the standard policy, which are intended to protect against specific risks. The more coverage you buy, the higher your premiums will be. To keep your rate as low as possible, make sure a policy applies to your area. For instance, a landlocked state like Wisconsin may not warrant hurricane coverage, but flood and earthquake insurance may be necessary. 
 

For more than a century, homeowners throughout the Sparta area have trusted Edwards Insurance Agency to protect their assets and finances. Their agents have extensive experience working with a variety of the industry’s top carriers. They will take the time to find a policy that delivers the coverage you need at the best possible rate. Visit their website for more on the services they offer, or call (608) 269-4512 to request your free home insurance quote.