5 Easy Ways to Lower Your Home Insurance Premiums Without Sacrificing Coverage

Home insurance is crucial to protecting your financial security. Not all home insurance policies are created equal, so educating yourself is important. Beware of agents who suggest reducing coverage to save on premiums! Here are five simple strategies to reduce your premiums while maintaining comprehensive coverage: 

1. Increase Your Deductible

Raising your deductible—what you pay out-of-pocket before insurance kicks in—can lower your premiums. For instance, increasing a $500 deductible to $1,000 or $2,500 could save considerable money. Just be sure that you have enough savings to cover this amount if needed.   

2. Bundle Your Policies

Many insurers offer discounts when you bundle home and auto policies. Bundling can save up to 20%.  Bundling also simplifies managing your insurance—one monthly premium, one renewal date. At Knight Insurance Group, we compare bundled rates to find you the best program.

3. Upgrade Home Security

Enhanced security systems, such as monitored alarms, smoke detectors, and smart home devices, reduce risk and premiums. Ask us about discounts on these upgrades.

4. Maintain Good Credit

In many states, credit scores influence insurance rates. A strong credit score signals lower risk, leading to lower premiums. Improve your credit by paying bills on time, reducing debt, and regularly checking your credit report.

5. Review Your Coverage Regularly

Your insurance needs may change over time due to renovations, remodels, purchases, etc. Review your policy annually with us to adjust coverage as your needs change.  We can keep you updated on the latest discounts and coverage offerings. Lowering your premiums doesn’t have to mean sacrificing protection.

Contact Stephanie or Selena for a review of your current program.