Buying a home comes with an array of ongoing expenses, from maintenance and repairs to HOA fees. While many of these costs will be out of your hands, though, you may have some control over your homeowners insurance premiums. Here are some of the easiest ways to save on coverage.

4 Tips for Lowering Home Insurance Costs 

1. Raise Your Deductible 

Consider increasing the policy’s deductible to secure a lower premium so long as you can cover the out-of-pocket costs in the event of a claim. If there is never a serious accident or damage to your property, you’ll enjoy the monthly savings involved.

2. Add Strategic Upgrades

When thinking about updating your home, focus on those that would improve its structural integrity and security. For example, install a home alarm or cameras to deter thefts. Insurers also look favorably upon storm shutters and updated utilities. In that same vein, you can eliminate any features that increase premiums, like swimming pools, trampolines, and dilapidated sheds, to secure even lower premiums. 

3. Bundle Your Policies 

If you own a vehicle, purchasing auto and home insurance from the same provider could yield discounts on both. Known as a bundling discount, this is one of the easiest ways to save on coverage. Depending on the circumstances and carrier, it may also be possible to bundle it with a life or health policy. 

4. Deduct Land Value 

Including the value of the land on the homeowners policy may not be necessary. After all, it’s really the structures that are most vulnerable to damage. Talk to your insurance agent about the pros and cons of covering the actual plot so you can make an informed decision about dropping it. 

For flexible coverage that will meet all your needs, turn to Michael E Glick Insurance in Boerne, TX. Since 1991, this agency has been helping clients protect their investments. Their knowledgeable team of licensed agents will find you a policy that covers all the most likely events. To request a no-charge insurance review, call (830) 816-9488 or reach out on their website.