How to lower homeowners insurance

Affordable home insurance could be right around the corner by taking the following steps:

1. Compare rates with Progressive’s HomeQuote Explorer

We give you the unique power to view home insurance rates and coverages from our network of home insurers. Plus, we’ll match you with a policy customized to your needs based on the information you provide. Try HomeQuote Explorer today and instantly compare rates from multiple companies, side-by-side.

2. Increase your deductible

The higher your deductible, the lower your insurance premium. If you’re OK with paying more out of pocket in the event of a claim, you’ll save money by bumping up your property damage deductible from, say, $500 to $1,000. Some insurers offer a choice between a deductible and a percentage of your policy’s dwelling coverage. In that case, choose whatever option brings down your rate—but understand that paying a percentage, rather than a set deductible, could potentially result in a large out-of-pocket amount if you have a claim.

3. Bundle home and motor vehicle insurance

Many insurers offer savings for combining homeowners and car insurance. When you combine homeowners and auto insurance with Progressive, you could save over $1,000 on average.* Progressive also offers a multi-policy discount** for combining a boat, motorcycle, or RV policy with home insurance.

4. Seize the discounts

You can find a variety of discounts with many home insurers. Progressive, and our network of home insurance companies, makes it simple to accumulate savings by offering discounts for things as easy as paying your policy in full, quoting in advance, and receiving your documents by email.**

5. Avoid claims

Your home insurance policy is there for you when things go wrong, but filing multiple claims can raise your rate because you’re considered more likely to have another claim. Additionally, it may not be worth filing a smaller claim if it would result in a rate increase and you can cover the cost on your own.

6. Adjust your coverages

There’s no sense in paying for coverage you don’t need. For instance, you may want to cancel the rider on a piece of art or jewelry that hasn’t held its value. Lowering your liability limits will also lessen your rate, but will likely only save you a small amount of money. Keep in mind, it may not be a good idea to eliminate extra protection like water back-up and personal injury coverages.

7. Upgrade security

Check with your insurer to see if they offer savings for security alarms, smoke detectors, camera monitoring, or any other safeguard that could deter a claim.

8. Improve your credit/insurance score

Your insurance score, along with your credit rating, can be used by insurance companies as a predictor of future insurance claims. A good insurance score and credit history makes you less of a risk to insurers and could result in a better home insurance rate.

9. Minimize "attractive nuisances"

Home insurers view swimming pools, trampolines, tree houses, and other enticing backyard features as insurance risks. Attractive nuisances can be dangerous to visitors and children in your neighborhood, therefore putting you at risk for liability claims (if you have a swimming pool, make sure it’s surrounded by a fence at least 4 feet high and locked).

How much should my homeowners insurance cost?

Home insurance rates vary significantly based on many factors, including type of home and roof, coverage selections, and claims history. Your location also influences your price; see the average cost of home insurance and gauge how much you should be paying in your state.

How to get lower home insurance rates

New Progressive customers

Find more ways to save on home insurance by quoting online or calling 1-866-749-7436.

Current Progressive customers

Contact your home insurance provider to ensure you’re maximizing all available discounts.