Emma Gutierrez: Your home and its contents are likely your greatest investments. So you don't want to skimp on your insurance coverage.
Yet the price you pay can vary by hundreds of dollars a year, depending on the size of your house and the insurance company who provides you policy, here are some ways so save money on homeowners insurance.
Review your policy limits and the value of your possessions annually. You want to make sure your policy coverage any major purchases or additions to your home, but you also don't want to spend money for coverage you no longer need.
Shop around. Prices vary from company to company so it pays to shop around. Get at least three quotes and check the financial health of the insurance companies by using ratings from independent rating agencies and consorting consumer magazines.
Establish long-term relationships with your insurer. Although, it's smart to shop around often to make sure you are getting the best price, if you have been with the same company for several years, you may receive a long-term policy discount. It doesn't hurt to ask.
Raise your deductible. The deductible is the amount you will pay before your insurance kicks in and it can have a significant impact on your premium, the higher the deductible, the lower the premium.
Ask about discounts for home security devices. You can usually get discounts by installing smoke detectors, a security system or deadbolt locks.
Buy your home and auto policies from the same insurer. Some insurance companies will offer discounts if you buy two or more insurance policies.
Bundled savings can include the following insurance products: homeowners, auto, renters, motorcycle and boat among others.