How to Lower Your Homeowners Insurance

Jun 10, 2019 2 min read

Everyone wants to save money where they can. Saving on your homeowners insurance policy is no exception. There are some easy things you can do to save money on your homeowners insurance right now – and most are easier than you would think.

Consider a security alarm

When you work to make your home safe from break ins, you could earn a homeowners insurance discount on your total premium. Adding security alarms makes your home safer and reduces theft claims, which saves money. We pass the savings on to you. Talk to your agent about which devices and services qualify for this discount. 

New roof discount

Have you recently installed a new roof on your home? Your roof is your home’s first line of defense against the elements, so a new roof is a good investment. Based on the roofing you choose, you could not only shield your home from severe weather, a new roof can provide homeowners insurance discounts. 

Insure high value items separately

Your homeowners insurance is designed to protect everything under your roof, but some of your possessions are simply worth more money. Collectibles, antiques and grandma’s jewelry may be driving up the costs of your homeowners premiums. If you  have high-dollar items in your home that you need to insure, consider personal property insurance to go above and beyond your homeowners policy. Having the proper coverage for these items can save you money over time. 

Raise your deductible

Your deductible is the amount you agree to pay “out of pocket” in the event of a claim. If you have money to set aside and are able to pay a higher amount if something happens, you may be able to save with lower rates – especially in the years that you anticipate fewer claims. 

Bundle and save

When you have insurance through Farm Bureau, we can combine all your home and auto accounts into one policy, known as a Member’s Choice policy. How does this save you money? Consider this: if there is a storm that drops hail on your roof, damages your car, and wind damages your boat, you will only pay one deductible. We call it the One Deductible Advantage, and it is designed to prevent you from paying multiple deductibles for the same event. 

Talk to your agent

Get to know your agent – they are your insurance advocate and may be the key to finding additional discounts for your home, like a new home discount for newly constructed homes, or continued in-force credit for long time client/members. Your agent can help you find all the discounts you qualify for when you do an annual SuperCheck®.

No one likes to think about the “what ifs” in life, but being prepared and protected with homeowners insurance can help get you back on track quickly if your home is damaged by fire, wind or other covered losses. We’re committed to keeping your coverage affordable so that your premiums don’t break the bank. Talk to  your Farm Bureau agent about discounts and ways to lower your homeowners insurance premiums.

Want to learn more?

Contact a local FBFS agent or advisor for answers personalized to you.