Top Tips for Lowering Your Home Insurance Premium

May 01, 2024

Homeowners insurance is a crucial part of protecting your home, but that doesn't mean you have to break the bank to ensure your property is covered. At Schwartz Insurance Group, we believe in providing our clients with the best value for their money. That's why we're sharing our top tips for lowering your home insurance premium without compromising your coverage.

Bundle Your Policies

Insurance companies often offer discounts if you purchase more than one type of policy from them. If you have auto insurance, consider bundling it with your homeowners insurance. Bundling can provide significant savings and the convenience of having all your policies under one roof.

Increase Your Deductible

The deductible is the amount you'll pay out of pocket before your insurance coverage kicks in. By choosing a higher deductible, you can lower your premium. However, make sure you're comfortable with the amount you choose as you'll need to pay this sum in the event of a claim.

Install a Home Security System

Many insurance providers offer discounts for homes equipped with security systems. Installing smoke detectors, burglar alarms, or a sprinkler system can not only give you peace of mind but also lead to premium reductions.

Maintain a Good Credit Score

In many states, insurers use credit-based insurance scores to determine premiums. A higher score can lead to lower premiums, so it's important to maintain good credit.

Regularly Review and Update Your Policy

Make sure to review your policy annually to ensure it reflects your current needs. If you've made certain improvements or changes to your home, it may affect your premium.

Ask About Other Discounts

Insurance companies often offer various discounts that you may not be aware of. These could range from being a non-smoker to having a hail-resistant roof. Always ask your insurance agent about potential discounts.

At Schwartz Insurance Group, we're committed to helping you understand your coverage options and find ways to make your insurance work for your budget. For more information or to get a personalized quote, please call us at (502) 451-1111 or visit our website at