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

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

There are many other discounts offered by homeowners insurance companies. For example, some companies reduce your premium if you have certain safety features such as a home security system or working smoke detectors. You may also qualify for a discount if you are a good student, or if you have more than one type of policy with the same company (such as your auto insurance policy and a homeowner or renters insurance policy).

Finally, ask about group discounts the company offers. Membership in some associations or groups might lower your premium.

For more information and a complete explanation of all the discounts you may be eligible for, consult with your licensed agent or insurance company.