There are some house improvements that can boost your home’s value and trigger lower premiums. A new roof that’s stronger than your old one can save you on your policy. Why? Roofs are where the majority of losses due to snow, wind, hail and rain occur—and a stronger roof can reduce your likelihood of damage. Also, consider making sure your electrical and plumbing systems are up to date to reduce the risk of electrical fires and water damage. Always contact your agent before you make upgrades to assess how they’ll affect your coverage and whether you’ll be eligible for a discount. And keep in mind that insurance doesn’t cover problems that occur as a result of lack of maintenance.
4. Find out whether your age matters
Age equals wisdom—and sometimes discounts on your annual premiums. With home insurance through AAA, for example, you can get a 50 Plus discount if you’re over 50.
5. Pay your entire home insurance premium up front
Monthly premium payments can sometimes include a small processing fee. Consider paying the total annual premium amount at one time. Depending on the amount of the processing fee, you could save up to $50 per year.
