How to Save on Home Insurance

When inspecting homes I usually several ways people could save money.

Your Home inspector, Vince. www.austinpropertydoctors.com

Home insurance premiums can add up, but there are several proven strategies to lower costs without skimping on essential coverage. Savings vary by location, insurer, and your home's specifics, but implementing a few can reduce rates by 10-25% or more.

You might look into replacing a washing machine hose with a non-burst, steel reinforced hose, some companies will offer a discount for this. Maybe a better, more durable roof. Add warning devices like temperature sensors and leak detectors. Adding fire resistant materials if replacing siding. Storm shutters etc. Ask for a list of discounts.

Also consider things that cost you more. A swimming pool, especially with a diving board. Hot Tubs, Trampolines, Certain dog breeds, tripping hazards in steps and walks.

1. Shop Around and Compare Quotes Annually Rates differ significantly between providers—sometimes by hundreds of dollars—so get multiple quotes each year. Use online tools or an agent to compare apples-to-apples policies.

2. Bundle Policies (e.g., Home and Auto) Combining your homeowners insurance with auto, umbrella, or other policies from the same company can earn a multi-policy discount of 10-25%. It's convenient and one of the simplest switches.

3. Raise Your Deductible Opt for a higher deductible (e.g., from $500 to $1,000 or $2,500) if you have an emergency fund to cover it. This can lower premiums by 10-25%, as you're taking on more out-of-pocket risk for smaller claims.

4. Improve Home Security and Safety Features Install monitored alarm systems, smoke detectors, deadbolts, or smart devices like water leak sensors—these can qualify for 2-15% discounts by reducing theft, fire, or damage risks. Check what your insurer rewards.

5. Make Energy-Efficient or Protective Upgrades Updates like new roofs, storm-resistant windows, impact-resistant shingles, or energy-efficient systems (e.g., HVAC) can earn discounts of 5-20%, especially in high-risk areas for wind, hail, or wildfires.

6. Maintain a Claims-Free Record Avoid filing small claims (under your deductible) to prevent rate hikes—pay minor repairs out of pocket. A clean history over 3-5 years can keep premiums stable or qualify you for loyalty discounts.

7. Ask About All Available Discounts Inquire about lesser-known perks: non-smoker (up to 5-10%), good credit score (insurers use it to set rates), loyalty (for long-term customers), group rates (via employers or alumni groups), or new home (for builds under 10 years old). First-time buyers may also get introductory savings.

8. Review and Adjust Coverage Regularly Audit your policy yearly: Drop unneeded add-ons (e.g., coverage for an old fur coat), update for home improvements, or switch to actual cash value (vs. replacement cost) for older items to avoid over-insuring.

9. Build or Maintain Good Credit In most states, insurers factor in credit-based scores—improving yours can lower rates by 10-20%, as it correlates with fewer claims.

10. Consider Location-Specific Protections If you're in a disaster-prone area, add reinforcements like hail guards or elevated foundations for tailored discounts.