Ways to lower your homeowners insurance

Home insurance rates are increasing significantly, with a 23% rise last year and a 55% increase since 2019. Factors contributing to this trend include severe weather events and inflation, which raise repair costs. Homeowners can lower premiums by raising deductibles, shopping around for quotes, and bundling policies. Enhancing home security and making it more disaster-resistant can also yield discounts. Maintaining good credit and opting for auto payments or paperless billing may further reduce costs.