The Insurance Information Institute, through the Federal Citizen Information Center, twelve tips on how to lower your homeowners insurance costs. The first eleven are blanket tips that will be good for everyone whereas the twelfth will only apply to those who are on the market for a new home. Some of these are pretty common-sense (shopping around, raise your deductible, add security systems) whereas others aren’t as obvious (disaster resistance measures).
1. Shop Around
2. Raise Your Deductible
3. Don’t confuse what you paid for your house with rebuilding costs
4. Buy your home and auto policies from the same insurer
5. Make your home more disaster resistant
6. Improve your home security
7. Seek out other discounts
8. Maintain a good credit record
9. Stay with the same insurer
10. Review the limits in your policy and the value of your possessions at least once a year
11. Look for private insurance if you are in a government plan
12. When you’re buying a home, consider the cost of homeowners insurance
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