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12 ways to save money on your homeowners policy:
Shop around. Check with several different insurance companies to get rate quotes. Ask your friends or family members if like their insurance company.
Raise your deductible. The deductible is the amount of money you have to pay toward a loss before your insurance kicks in.
Buy your home and auto policies from the same company. Many companies give discounts if you buy both homeowners and auto coverage from them.
Consider insurance consequences when buying a home. If you're looking at buying a home, think about the cost of insuring the home. In Florida, some homes are in special wind or flood zones and the cost can be higher. Before purchasing a home, check with your insurance company to make sure it is not in a special zone. Block homes stand up better if a hurricane hits, over a wood frame or mobile home.
Insure your home, not the land. Don't include the value of the land in deciding how much homeowners insurance you need to buy.
Improve security and safety. Items like burglar alarms often bring discounts of 5%, depending on the company.
Stop smoking. Many insurers offer to reduce premiums if no one in the home smokes.
Senior discounts. If you're at least 55 years old and retired, you might qualify for a discount of as much as 10%.
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