5 ways to lower your homeowners insurance premium [Video]

Shopping around is the easy part. A harder fix is making sure your credit is clean.

GREENSBORO, N.C. — Blame natural disasters, inflation, and where you live. Chances are you’re probably paying more for home insurance these days–in some cases, a lot more. The good news is that the money-saving experts at Consumer Reports found ways to trim rising premiums for significant savings.

#1 Start by shopping around. Consider a local independent agent or broker who sells policies from several insurance companies. They might also recommend policy add-ons to help your coverage keep up with inflation, which is important when you file a claim.

#2 Bundle coverage. Purchasing your homeowners and auto coverage from the same company can provide savings of up to 30 percent overall.

#3 Keep your deductible high. Higher deductibles mean lower premiums. Going to a $1,000 deductible from $500 might shave your premium by 25 percent.

#4 Do some home upgrades. First, look up. The age of your roof matters.

“Some …

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