Increase the deductible.
It can significantly lower your premium. If you do so, however, keep an adequate emergency fund to cover higher out-of-pocket costs for any claims.
Combine coverage at one company.
Often, you can obtain discounts for purchasing more than one policy at the same company, such as auto and homeowner’s insurance.
Install an alarm and other safety features.
Since these features help reduce claims, insurance companies often offer discounts for installing these devices in your home.
Stay with the same company.
Insurance companies may give loyalty discounts to customers who have stayed with the company for years, although you typically have to ask for this discount.
Maintain a smoke-free environment.
Insurers often lower premiums for smoke-free households.
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