Home insurance protects your property and belongings from damage and theft. However, you might be hesitant to pay monthly premiums to cover an accident or disaster that might never happen. You can’t predict when an unfortunate incident might occur, and it’s better to be prepared than left without coverage. Thankfully, you can lower your premiums by working with an insurance agent and making the following changes.

How to Reduce Home Insurance Costs

1. Upgrade Home & Security

Secure homes are less likely to be damaged, which is why insurance companies appreciate and reward updates. Swapping from shingles to a more durable metal roof, adding storm shutters, or replacing accident-prone heating systems will reduce the likelihood of damage and the cost of insurance.

Insurers also acknowledge security upgrades. Installing smoke detectors, deadbolts, and home alarm systems can lower rates. Contact your insurance provider before making upgrades so they can advise on preferred products and purchases that will get you the best discounts.

2. Bundle Policies

Many insurance agencies offer discounts when you bundle plans. Moving your auto policy to your home coverage provider can lead to a better deal on both plans. Discuss this option with your agent. If you haven’t secured any insurance yet, find a single agency that will offer the best deals for bundled plans.

3. Raise Deductible

The deductible is the amount of money you’ll have to pay before the insurance coverage kicks in. Higher-deductible plans have lower monthly premiums because insurers won’t have to spend as much on claims. Consider how susceptible your home is to hail damage, flooding, fires, and other threats that could leave you with hefty repair bills.

If you’re interested in exploring home insurance options, contact Phil Taylor Insurance Agency. Residents of Clarksville, AR, also turn to this agency for their auto, motorcycle, RV, and boat insurance needs. These professionals will help you craft a plan that maximizes coverage and suits the unique needs of your household. Learn more about their services on the website. Call (479) 754-2616 to request a quote, and connect on Facebook for more tips and updates.