Home insurance is essential, as it covers your most precious asset. However, despite the comfort they bring, home policies can put a dent in your pocketbook. Here are a few ways to make premiums more manageable without sacrificing the quality of your coverage. 

How to Save Money on Your Home Insurance

1. Raise Your Deductible

The deductible is the amount you must pay before coverage becomes active. The higher the deductible, the lower your premiums. However, raising your deductible only works if you have enough money to cover it when a claim is filed. If you have robust savings, raising the deductible might be a good idea if you want to spend less on premiums. 

2. Work With an Independent Agency

While captive insurance agencies don’t have many options when it comes to pricing, independent agencies work with several different carriers, which allows agents to shop around when looking for coverage. This usually results in policies that are more affordable but provide the same level of coverage. 

3. Renovate Your Home

Renovating your home costs money, but the right renovations can also lower home insurance costs. For example, if you redo your home’s electrical system, the risk of fire will be reduced, and your insurance rate will decrease. Be sure to speak with an agent about which renovations will have the most significant impact on home insurance premiums. 

4. Ask About Discounts

Some agencies offer discounts when you bundle policies. Others might offer a reduced price if you have a good claims history. Do a bit of research to see what discounts your insurance company has and take advantage of the ones you qualify for.

Serving clients in Cincinnati, OH, and the Tri-State Area for more than three decades, Stautberg Financial Group understands the importance of affordable home insurance. That’s why these independent agents go the extra mile to find their clients the most reasonably priced home policies. They also offer many other insurance products, including auto, business, and renters’ coverage. Feel free to request a quote online today or call (513) 821-6300 for more information.