Owning a home is a major milestone—but protecting it shouldn’t break the bank. Many homeowners don’t realize they might be overpaying for insurance coverage or missing out on big savings. Whether you’re a new homeowner or reviewing your current policy, there are several smart strategies that can help you lower your homeowner’s insurance premium without compromising coverage.
Here are 10 practical ways to reduce your homeowner’s insurance cost:
1. Shop Around for the Best Rate
Insurance rates can vary significantly from one provider to another. That’s why it pays to compare. Independent insurance agencies like Eugene C. Yates Insurance Agency work with multiple top-rated carriers to help you find high-quality coverage at the best price—custom-tailored to your unique needs.
2. Bundle Your Policies
Bundling your home and auto insurance (or other policies) with the same provider can lead to major savings. Many insurers offer multi-policy discounts of 10–25%, which can quickly add up year after year.
3. Boost Your Home’s Security
A safer home is a cheaper home to insure. Install features like:
- A monitored security system
- Deadbolt locks
- Smoke and carbon monoxide detectors
- Fire extinguishers or a sprinkler system
These upgrades can help you qualify for home security discounts and reduce your risk of claims.
4. Increase Your Deductible
Raising your deductible (the amount you pay out-of-pocket before insurance kicks in) can significantly lower your premium. Just be sure you choose a deductible you’re financially comfortable with in the event of a claim.
5. Modernize and Maintain Your Home
Outdated electrical, plumbing, or roofing systems can pose a higher risk to insurers. Consider making upgrades to:
- Electrical wiring
- Plumbing systems
- HVAC and roofing
This reduces the likelihood of costly claims and can lead to lower premiums.
6. Cut Down on Risk Factors
Do a risk check around your property. Consider removing potential liabilities like:
- Trampolines
- Old play structures
- Unsecured swimming pools
- Overgrown trees near your home
Reducing hazards can protect your home and may keep your premiums low.
7. Review Your Coverage Annually
Over time, your home’s value and your insurance needs change. Review your policy each year to:
- Avoid overinsuring or underinsuring
- Adjust for home renovations or new assets
- Eliminate unnecessary add-ons
A quick annual review can help fine-tune your coverage and control your costs.
8. Maintain Good Credit
In many states, your credit score impacts your insurance rate. Insurance companies view strong credit as a sign of reliability and lower risk. Improving your credit score can help you secure better rates over time.
9. Ask About Available Discounts
Not all discounts are advertised. Be proactive and ask your agent about:
- Claims-free discounts
- New homeowner discounts
- Senior or retiree discounts
- Non-smoker household incentives
- Loyalty rewards
You might be surprised at how many discounts you qualify for.
10. Work With a Local Insurance Expert
A trusted local insurance agent can be your biggest asset. At Eugene C. Yates Insurance Agency, we’ve helped Sacramento-area homeowners find the perfect balance of coverage and cost for over 75 years. We understand local risks, available discounts, and how to tailor a policy that protects your investment—without overpaying.
Final Thoughts
Homeowner’s insurance doesn’t have to be expensive. With the right strategy, you can keep your premiums low while still enjoying peace of mind. Take the time to evaluate your options, upgrade your home, and consult a knowledgeable agent who can help you make the smartest decisions for your situation.
Ready to save on your homeowner’s insurance?
Contact Eugene C. Yates Insurance Agency today for a free, no-obligation quote tailored to your needs.
📞 (916) 313-6100 | 🌐 www.eugenecyates.com