Smart Ways to Lower Your Homeowners Insurance Premiums

 In Blog, Home Insurance

Sky-High Home Insurance Premiums? Here’s How to Lower Them

In times like these, owning a home is truly an amazing benefit. But sometimes, people get a home thinking that’s all there is to it when actually there are many costs involved, other than your mortgage payments.

Homeowners insurance, for example, is a long-term investment, and its cost could rise due to many factors, but there are ways to partially control that. Everyone appreciates things that help them minimize expenses, so here are 3 smart ways to decrease your home insurance premiums.

Go for a Higher Deductible

“Wait, what?” Ok, so this might seem counterintuitive but the thing is that the lower your deductible, the higher your premiums will be. Why? Well, because you’re letting the insurance company accept most of the risk, which can increase your premiums by around 25%. So, increasing your deductible instead is a great way to save some money on your premiums.

Sky-High Home Insurance Premiums? Here's How to Lower ThemBundle Your Policies

Insurance companies usually offer great discounts to those who decide to bundle insurance policies. This is because it costs less to maintain several policies when they’re together than it does to maintain them when they’re separate. Combining your home and auto insurance policies is a great start and the discount could go from 5% to 15%.

If You Don’t Need It, Don’t Buy It

It’s not uncommon for people to want to overprotect themselves and their assets against all types of risks, but it is unlikely that you will actually need so many insurance policies; for example, getting jewelry insurance if you don’t own truly expensive jewelry is an unnecessary expense. Get insurance policies for the things that really do need coverage. Analyze your needs, discard what you don’t need but never skimp on essential coverage, like fire insurance.


The best thing you can do when reviewing your insurance policies is to have an agent that truly understands what you need and can recommend the best insurance products for you. At AAI Central Agency, that is exactly what we do. We establish close relationships with our clients so that we can advise them properly, not just once, but for a lifetime. Contact AAI Central Agency today to get the best insurance products in Colorado.

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