3. Update specific parts of your home to lower home insurance premium
There are some house improvements that can boost your home’s value and trigger lower premiums. A new roof that’s stronger than your old one can save you on your policy. Why? Roofs are where the majority of losses due to snow, wind, hail and rain occur—and a stronger roof can reduce your likelihood of damage. Also, consider making sure your electrical and plumbing systems are up to date to reduce the risk of electrical fires and water damage. Always contact your agent before you make upgrades to assess how they’ll affect your coverage and whether you’ll be eligible for a discount. And keep in mind that insurance doesn’t cover problems that occur as a result of lack of maintenance.
4. Pay your entire home insurance premium up front
Monthly premium payments can sometimes include a small processing fee. Consider paying the total annual premium amount at one time.
