A Consumer’s Guide to Homeowner's Insurance -
Reducing Premiums

Raise your deductible to lower your premium rate. If you have a $500 deductible, consider raising that, but make sure your deductible is set to an amount you can comfortably afford to pay for every loss.

Explore the package discounts (bundling) that may reduce your rates if you insure your home and auto with the same company.

Install dead bolt locks on all exterior doors. This can deter break-ins , and also equip your home with several A-B-C type Fire Extinguishers. With the combination of Deadbolt Locks, Smoke Alarms and Fire Extinguishers, you will often qualify for a premium discount.

We also strongly recommend installing a Central Monitored Alarm system that will provide Fire, Smoke and Burglary monitoring. There are good credits available on homeowner policies for having and maintaining a Central Alarm and it will also provide a certain peace of mind. You can also help prevent losses from break-ins with special lighting both inside the home (timers) and with motion sensor lighting on the exterior.

Be sure to review your policy on a regular basis with your agent or customer service representative. When comparison-shopping, be sure to look at coverage terms, package pricing and a service quality that is best for you. Prices may vary by hundreds of dollars, so consider the importance of quality service and claims advice -- not just price alone.