You can often lower your premium by adjusting your coverage and taking steps that reduce your overall risk. Insurers look for signs that you maintain your property or vehicle responsibly and that the likelihood of a claim is lower.
Here are some common ways to save:
Bundle your policies. Many insurers offer a discount when you combine multiple products, such as home and auto insurance.
Raise your deductible. Choosing a higher deductible can reduce your premium, but make sure it’s an amount you could comfortably pay if you ever file a claim.
Improve safety and security. Installing alarms, smoke detectors, leak sensors, or impact-resistant features can qualify you for discounts because they help prevent losses.
Keep your information up to date. Regularly review your policy details to make sure they reflect your property’s current value, condition, and coverage needs.
Maintain good financial standing. For many products, insurers use credit-based scores or payment history as one of several pricing factors.
Ask about available discounts. You may qualify for savings based on your claim-free record, long-term loyalty, or preventive improvements like roof or system updates.
Overall, reducing your exposure to risk, by maintaining your property, completing repairs promptly, or taking preventive measures, can help keep your premiums lower across different types of insurance.