How to save money on your home insurance

To get the best deal on home insurance, it’s important to compare rates from different insurers and to make sure you’re getting the coverage you need. It’s also a good idea to review your coverage periodically to make sure it still meets your needs.

Shop around:

The best way to save money on home insurance is to shop around. Get quotes from at least three different companies and compare them. Make sure you’re comparing apples to apples, though: the coverage should be the same.

Consider raising your deductible:

Your deductible is the amount you have to pay before your insurance company starts paying. If you raise your deductible, your monthly premiums will go down. Just make sure you have enough money saved up to cover your deductible in case of an emergency.

Bundle your policies:

If you have other insurance policies, such as car insurance, you may be able to get a discount if you bundle them together. Ask your insurance company if they offer a discount for bundling.

Pay annually:

If you can afford it, pay your home insurance premium annually instead of monthly. You’ll usually get a discount for doing this, and you’ll save yourself the hassle of making a monthly payment.

Get a home security system:

If you have a home security system, or even just a few security features like smoke detectors and deadbolt locks, you may be eligible for a discount on your home insurance. Ask your insurance company about what discounts are available.The Island Now a major developer on the Glen Cove waterfront plans to add four more parking structures to the city-owned property.

Ask about other discounts:

There are a lot of other discounts available that you may not be aware of. Some insurance companies offer discounts for things like being a non-smoker, having a good credit score, or insuring multiple cars. Ask your insurance company what discounts they offer and see if you qualify for any of them.

Review your coverage:

Make sure you’re not paying for coverage you don’t need. If your home has gone up in value, you may be able to reduce your coverage. And if you’ve made some major purchases, like a new car, you may need to add coverage for them. Review your coverage periodically to make sure you’re not paying for more than you need.

Stay claims-free:

If you can, try to stay claims-free. Your insurance rates will go up if you make a claim, so it’s best to avoid it if you can. If you do have to make a claim, be sure to shop around for new insurance before your rates go up too much.


Home insurance is a necessary evil, but it doesn’t have to be expensive. By shopping around, raising your deductible, bundling your policies, and taking advantage of discounts, you can save money on your home insurance.