Just because you have to buy homeowners insurance doesn’t mean you have to spend a fortune on it. Carriers consider dozens of factors when calculating premiums, and many of them are in the policyholder's control. As such, there are ways to save on coverage without doing anything drastic, like relocating. Below are a few of these methods.

3 Tips for Lowering Homeowners Insurance Premiums 

1. Raise the Deductible 

If a covered catastrophe happens, the deductible is the amount the policyholder must pay before the insurer helps. Lower deductibles yield higher premiums because insurers must cover more events. If you have a $250 deductible, for example, you might file a claim for every disaster that causes more than $250 in damages. If, on the other hand, your deductible is $1,000, you’ll cover the smaller issues out-of-pocket.

2. Protect Your Home

Deadbolt locks, storm shutters, and smoke detectors are a few examples of minor upgrades that can yield significant savings. Installing a security system and reinforcing or replacing the roofing will also warrant lower premiums. If you own an older home, modernizing the plumbing and electrical systems will contribute as well because it reduces the risk of water and fire damage.

3. Shop Around 

Because each carrier uses a different algorithm for calculating premiums, quotes can vary immensely. As such, shopping around for a policy could save you hundreds of dollars of year. And, if you turn to a reputable agent, you won't have to compile all the quotes yourself. After evaluating your needs, a resourceful professional will come back with a broad range of policies that will meet them.

When you’re ready to shop around for homeowners insurance, turn to Cundiff & Company Insurance. Operating out of Somerset, KY, this local agency has been helping protect what matters most for more than 40 years. As an independent carrier, they can compare quotes from multiple providers, allowing their clients to secure the most affordable coverage possible. To discuss your needs, call (606) 679-8379. Check out the website to learn more about their services.