What can homeowners do to lower their overall insurance premiums?


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Homeowners Insurance

What steps can homeowners take to lower their insurance costs?

What specific actions can I, as a homeowner, implement to effectively reduce my insurance costs, while ensuring that I maintain adequate coverage for my property and its contents?

Dec 27, 2024 | Gabriel Bailey, Birmingham, Alabama
Answer
Mark Fitzpatrick
Head of Insurance, MoneyGeekUpdated December 27, 2024

A homeowner should research the discounts available that could lower their insurance costs. They might find reduced rates if they bundle their homeowners and auto insurance together with one carrier and get a multi-policy discount. They can also reduce their insurance premiums if they increase the deductible amount on their policy and/or have an alarm system on their home.

*Katherine Armstrong is a registered representative of Lincoln Financial Advisors. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (Member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Heritage Financial Consultants, LLC is not an affiliate of Lincoln Financial Advisors Corp. CRN-3575530-050321*