How might I reduce my premium if I want to stay with my current insurance company?

There are a number of ways you might reduce the cost of your insurance. For example, you might ask about premium savings if you increase your deductibles. Doing so will mean that you pay more out of your pocket should a loss occur, but it will reduce the premium you pay.

You also could ask about steps you could take to receive a discount on your premium from the company. For example, some companies reduce your premium if you have a security system or working smoke detectors in your home, insure your cars with the same company, or pay your premium in full with one lump payment.

Also, you might ask about group discounts that might be available. Membership in some associations or groups might lower your premium.