If you are shopping around for insurance, you might find Ohio home insurance rates daunting. Don’t use this concern as an excuse to skimp and settle for a substandard policy. There are better ways to lower the cost of your homeowners insurance without leaving your home in peril.
One way to potentially lower your premiums is to improve your home’s ability to protect itself from danger. Upgrade your security measures by purchasing better deadbolts or an alarm system. Increase your home’s disaster resistance by replacing old storm drains, plumbing and electrical systems. A home that is less accident prone is likely to cost less to insure.
Another way to pay smaller Ohio home insurance rates is to raise your deductible. Switching from a $500 deductible to a $1000 deductible can dramatically decrease your monthly premium. Use the money you save to build your rainy day fund, and hopefully, you will never have to use it.
Finally, if you buy your home and auto insurance policies from the same agent, you can often get a small discount on both. While it is still smart to compare prices, you will probably find that one-stop shopping is the most frugal.
There are many places in the budget where you can cut corners, but home insurance is not the best choice for doing so. Making small changes in your home or policy is a better way to save.