If you have owned a home in the post COVID era, you are well aware of the rising costs associated with insuring your home. Many of the factors that are causing these increases are out of your control. However, some things can be controlled by you. Let’s break down what you can control, and give you helpful tips to lower your home insurance premium.
The Complete Discount Playbook
Most Popular
Bundle Your Home & Auto Insurance
The single easiest discount to claim is the multi-policy bundle. When you insure your home and auto with the same provider, most insurers reward you with a discount that can range from 10% up to 25% on both policies.
Beyond the savings, bundling simplifies your financial life: one insurer, one contact, and often times one renewal date. If you are currently insured with different companies for your home and auto, reach out to us today and ask for a combined quote!
Quick Win
Raise Your Deductible
Your deductible is the amount you pay out-of-pocket before your insurance kicks in. Increasing it from $1,000 up to $2,500 can sometimes offer meaningful savings. You can also increase the deductible for specific perils such as wind/hail. This can be beneficial if you have a newer roof and believe the likelihood of a wind/hail related claim is low.
The logic is simple: the higher your deductible, the less financial risk your insurer takes on. Just be sure you have enough in emergency funds to comfortably cover the deductible amount in the event you need to file a claim.
Major Upgrade
Install a New Roof
Your roof is the first line of defense against most weather related damage – and insurers know it. A new roof can dramatically reduce your premium, with discounts ranging from 10% to 40% depending on your location and the materials used on your roof.
Check out this blog posted by one of our insurance carriers. Openly does a fantastic job breaking down the many ways your roof and its condition have an impact on your insurance rates.
Even if your current roof is functional, the insurance savings – combined with the increased home value – often make a replacement worthwhile ahead of schedule. Reach out to your insurance provider and ask for a quote if your roof year is updated to 2026. For many carriers, the savings will be significant.
Security Discount
Install a Monitored Burglar & Fire Alarm System
Installing a professionally monitored security system will bring you peace of mind in the event of a fire or break-in. In addition to this peace of mind, it can provide a discount on your home insurance as well. Although these discounts are usually smaller than a new roof discount, it is still nice to gain peace of mind and lower your home insurance at the same time!
The key distinction: “monitored” systems earn larger discounts compared to simple self-monitored systems. Services like ADT, SimpliSafe, or Ring Protect Pro qualify for the “monitored” discount with most insurers. Reach out to your agent for more details.
Long-Term Strategy
Maintain a Claim-Free History
Insurers reward low-risk customers. If you have not filed a claim in several years, you will often times automatically qualify for a claims-free discount. Did you file a claim that has recently passed the 5 year mark? Call your insurance carrier and ask if the home insurance policy is reflecting your claims free history.
The low down: for small repairs – a broken window or minor water damage – consider paying out of pocket rather than filing a claim. Filing too many small claims can raise your rates significantly and can even lead to non-renewal of your policy.
The Bottom Line for Affordable Home Insurance
Home insurance exists to protect one of your most valuable assets – but that doesn’t mean you should pay more than necessary. The discounts outlined above are legitimate, widely available, and often underutilized. A single conversation with your insurance agent can unlock savings you didn’t know existed. We are confident you can utilize these tips to lower your own home insurance premium and become a more informed insured in the process.
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