Savings

Ways to Lower Home Insurance Premiums

Updated June 23, 2026 ยท Informational guide

The safest way to lower a premium is to compare equivalent coverage first, then look for discounts and deductible choices. Cutting core coverage can create a bigger problem after a claim.

Start with apples-to-apples quotes

Match dwelling, personal property, liability, loss-of-use, deductible, and roof settlement terms before comparing prices. If one policy is much cheaper, ask what is missing.

Discounts to ask about

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Do not skip excluded risks

Floods and earthquakes are commonly outside typical homeowners coverage. A lower premium that ignores a major local risk may not be a better financial outcome.

Compare deductible choices

Sources

NAIC: Homeowners Insurance Insurance Information Institute: Understanding deductibles