Homeowners insurance premiums don't have to be high

Consumers can follow a variety of different strategies when it comes to reducing the costs of their homeowners insurance.

Consumers can follow a variety of different strategies when it comes to reducing the costs of their homeowners insurance.

A report on the CBS News website offers homeowners some tips on ways they can bring down their costs, while also reminding them to maintain sufficient coverage to completely rebuild their house and replace any lost possessions if necessary.

By raising the deductible to $1,000 or even as much as $5,000 depending on insurer, the CBS report notes that policy holders can save as much as 25 percent.

Another useful strategy is to invest in home security, further bringing down costs. For example, the report says that many companies will offer discounts to people who invest in things like smoke and burglar alarms, as well as deadbolt locks.

Other recent media reports have noted that another possible way to hold down the cost of homeowners insurance is to invest in home upgrades that help minimize damage from storms and other serious weather events.

Discover how easy shopping can be. Get your free home insurance quotes now.

Posted: July 23, 2009

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