Rates for homeowners insurance are calculated based on many different factors. For example, the size of your home, its age, where it’s located, and what additional features you have all play a role in your premiums. However, there several ways to make insurance costs more reasonable, including the following.

How Can You Spend Less on Homeowners Insurance?

1. Increase Your Deductible

The deductible is the amount you need to pay before your insurance company pays for damage to your home. The higher your deductible is, the lower your premium payments will be. However, you want to be sure you have enough money available to cover a higher deductible if the time comes. For this reason, this is a good option for people who have robust emergency funds or who can bring together a decent amount of money quickly.

2. Make Your Home Safer

Home security systems reduce your risk of falling victim to theft, so installing them in your home may lower insurance costs. Also, if you have a swimming pool at your home, which is considered high-risk by most insurers, make sure it’s secured with a fence and locking gate. Even something as simple as installing smoke detectors can result in a discount.

3. Review Your Current Policy

Along with your home itself, your personal belongings can also be covered by homeowners insurance. However, the value of these items can change over time. For instance, electronics that were once very valuable may be less so after many years. Review your personal belongings coverage every year and update any items that have changed in value or that are no longer in your possession.

If you’re looking for ways to save, contact IGO Insurance in Raleigh, NC. Their team provides numerous discounts on home coverage, including savings for purchasing multiple policies, installing a security system, and making your property more fire-resistant. Thanks to their wide carrier network, they’ll also help you shop around to find the best policy to fit your budget. Visit them online for more information on homeowners insurance, or call (919) 782-1560 to schedule an appointment.