It may feel as though your homeowners insurance rates pick up every year. Your insurance company will argue that the older your home gets, the more prone to damage it is, and the more liable you are to needing help if damage or disaster does strike. However, there are ways you can lower your monthly rates and still ensure complete coverage. Below are three ways you can work with your insurance specialist to lower your homeowners insurance rates.

How Can You Lower Your Homeowners Insurance Rates?

1. Increase Your Deductible

If you agree to increase the amount you pay before the insurance company helps pay your claim, also known as your deductible, you may be able to lower your premium. If you currently pay a low deductible of about $100, consider raising it to at least $500, and you can save up to 25% on your insurance rates.

2. Bundle Your Policies

Many insurance companies offer discounts from 5% to 15% off to clients who purchase home, auto, and liability insurance together. Home insurance specialists can help tailor a package to fit your exact needs, cover all potential risks, and find you a fair price. You can also compare different packages and rates before making a final decision, double-checking that all potential gaps are covered.

Also, it behooves you to stick with the same insurance company for a period of time. After three to five years, you may be eligible to receive a discount as a long-term policyholder. Your discounts will continue to increase the longer you remain with your provider.

3. Increase Your Security

You can also receive discounts if you install and maintain safety precautions, such as a burglar alarm, deadbolt locks, and a smoke detector in your home. Before installing the systems, check with your insurance provider to make sure each one qualifies for a discount. You can ask for recommendations on systems, installation, upkeep costs, and monthly rates.

Also, speak with your insurance agent about ways you can secure your house from weather and natural disasters. Reinforce your home with rain, wind, and earthquake protection in order to save money on your premium. Keep up with your plumbing, heating, and electrical structures as well in order to prevent your home from fire or water damage.

For more tips on how to save money on your homeowners insurance rates, contact Patton Insurance Group in Springboro, OH. This independent insurance agency works hard to match you with a carrier that provides quality service, low pricing, and comprehensive coverage. Call (937) 886-9966 if you have any questions on policy coverages or visit their website to request a home insurance quote.