save money by reducing homeowners insurance costsFor the protection of your property and valuable items, homeowners insurance coverage is vital. However, it may be difficult for many to get this coverage as the cost of home insurance is on the rise. So the mind boggling question is how to save money and yet have the best home insurance policy in hand.

If you are in the same situation, here are some tips to help you lower insurance cost and seal a good coverage deal:

Request for Quotes

Hasty decisions are always wrong and pricey. If you don’t research the market thoroughly, you can end up purchasing an expensive home insurance policy.

In order to make a smart homeowners insurance coverage buying decision, it is important to do a price comparison and request for quotes. Evaluate three to four insurance companies and their quotes before you make your final decision.

Raise Your Deductible

To reduce insurance cost, you can increase your deductible. With a higher deductible, you will have to pay a lesser premium. This is a cost-effective way to get a good home insurance policy. This means if you increase your 500 dollar deductible to a 1000 dollar, you can save up to 25% on your insurance policy.

Prepare Your Home to Fight against the Odds

To reduce the cost of insurance, make your home resistant to natural and unnatural disasters. You can add shatter-proof glass, storm shutters and modernize your cooling and heating system. This will reduce the risk of damage from water and fire. So you will not require buying a high insurance coverage limit to protect your home from disasters.

Buy Homeowners Insurance Policy from the Same Insurer

If you have bought an automobile insurance policy already, see if the same insurer also offers home insurance. Some insurance providers are known to lower premium cost up to 15% if you buy two or more insurance coverage policies from the same insurer.