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Homeowners insurance can be an excellent deal for you and your family. For a relatively small cost, your insurance provider is there to make things better should an unexpected tragedy strike and there is damage to your home. But while it’s still a relative bargain compared to the cost of repairing your house, it’s still an expense you must work into your budget. If you’re looking for ways to save money, there are many things you can do to help lower your premium.

1- Increase your deductible. If your deductible is low and you have a way (savings or credit) to pay a higher deductible, should you need to file a claim, that will help lower your premium

2- Install deadbolt locks and if you have a system monitored by a security company, you usually qualify for a sizable discount.

3- Ramp up safety. Smoke detectors, carbon monoxide detectors and a fire alarm that automatically contacts the local fire department may reduce your premium.

4- Did you repair your credit? Rates are often based on credit history, so if you’ve worked hard to raise your credit score, you may be able to lower your premium.

5- Ask for discounts

Find out from your insurance provider what discounts it can offer you and how you can qualify for them.

Discounts are a great place to start if you are wondering how to lower homeowners insurance costs. Here is a quick list of common discounts:

Roofing discounts: Your roof does a lot to protect your home. A newer roof, particularly one built with impact-resistant materials, can lower premiums.
Claims-free discounts: Some companies will offer a discount to policyholders who have insured their home for a certain amount of time without filing any claims. The discount will likely vary among insurers, but in some cases, it could lower your premium significantly.
Payment discounts: Some insurance companies offer discounts for homeowners who use certain payment options or types, like those who choose to pay their premium in full or opt into auto payments.