1. Contact your state’s department of insurance. Not only can your state’s department of insurance offer suggestions for saving money, as well as which companies may suit you best, but they can also give you a heads-up on insurance companies you should avoid.

 

2. Purchase multi-line insurance. If your auto insurance company offers homeowner insurance too, you may save a few bucks by purchasing both policies.

3. Ask for information on all discounts. Discounts can vary from company to company, so find the insurance company that offers the most discounts that will benefit you.

4. Examine your credit history. If your credit history is in pretty good shape, you probably don’t have anything to worry. If it could use some work – work on it! Insurance companies may use your credit score when determining your homeowner insurance policy quote.

5. Ask about EFT payments. Some insurance companies actually charge a fee for payments by mail. Avoid this fee by using electronic funds transfer – your homeowner insurance payment will go directly from your bank account to your insurance company.

6. But don’t ignore floater policies. Sometimes, floater policies are necessary. You may want more coverage than the homeowner insurance policy offers. Rather than let your favorite fur go uninsured, ask about a floater policy.

7. Avoid sacrificing coverage for price. We all want the best price for whatever we purchase. Sometimes it’s easy to get caught up in low numbers and forget about the coverage your home and possessions really need. Don’t choose a particular homeowner insurance policy just because it’s the cheapest; in the end, you could end up paying a bundle out-of-pocket.

8. Raise your deductible. Paying a higher deductible means paying a lower premium. This is especially wise for people who don’t live in areas prone to theft or serious weather conditions.

9. Review your policy annually. Look over your policy each year to make sure you’re not paying coverage for an item you no longer possess. This is also a good time to find out if you’re eligible for any new discounts.

10. Contact your agent when you make repairs. When you repair or replace an element of your home, your home is safer. Safe homes earn lower homeowner insurance premiums.