How to Save on Homeowners Insurance Without Sacrificing Coverage

Home insurance costs are at an all-time high with no sign of slowing down. In 2025, all 50 states are projected to see premium increases averaging 8%. Minnesota has one of the highest projected increases in the country.

Finding ways to reduce expenses is more important than ever for homeowners in Minnesota and across the U.S. Here are several practical tips for how to save on homeowners insurance while keeping the coverage you need.

Affordability matters, but don’t sacrifice essential protection just to cut costs. The goal is to find the right balance between budget and coverage.

Shop Around for Rates

One of the best ways to lower homeowners insurance premiums is to compare quotes. Rates can vary significantly by company, even for the same coverage.

If you want fast results, online quote tools can deliver comparisons in minutes. But working with a local independent agent often provides more value. Independent agents can compare multiple carriers at once, answer questions, and tailor coverage to your needs.

Whether you use digital tools or an agent, shopping around and switching providers when it makes sense is one of the quickest strategies for saving money on home insurance.

Bundle Policies for Bigger Savings

Bundling multiple policies with the same insurer can help you save on homeowners insurance, with home and auto being the most common combination. Discounts usually range from 10% to 20%.

You can also bundle other policies, such as umbrella, boat, or motorcycle insurance. Beyond savings, bundling simplifies your insurance life. Billing, renewals, and claims can all be managed in one place instead of through multiple companies.

Increase Your Deductible

Your deductible is the amount you pay out of pocket before your insurer covers the rest of a claim. Typical homeowners insurance deductibles are $500 and $1,000, though they can go higher.

Raising your deductible is a proven way to reduce your homeowners insurance premium. For example, increasing your deductible from $500 to $1,000 could lower your rate by up to 25%. Just make sure the deductible is an amount you could reasonably pay if a loss occurs.

Take Advantage of Discounts

Many carriers offer discounts that can signficantly lower your homeowners insurance cost. Common options include:

• Age or loyalty discounts — for long-term policyholders
• Claims-free discounts — for going a certain period without filing claims
• Retiree discounts — available when you retire or reach a certain age
• Profession or group discounts — available to teachers, veterans, alumni, and more

These are just a few examples. Ask your agent to review available discounts and apply any that fit your situation.

Improve Maintenance and Home Safety

Improving your home’s safety is another smart way to save on homeowners insurance. Upgrades like a new roof, storm shutters, or impact-resistant windows can reduce risk and lower premiums.

Routine maintenance also helps prevent costly claims. Tasks like fixing leaks, cleaning gutters, and servicing HVAC systems can save money long-term.

Smart home technology can also pay off. Installing monitored smoke detectors, water leak sensors, burglar alarms, and deadbolt locks may qualify you for discounts of 15% to 20%.

Review Your Policy Annually

Your homeowners insurance policy should evolve as your life changes. Major updates like remodeling, adding valuables, or paying off your mortgage may affect your coverage needs.

Rates also change year to year. An annual policy review with your agent ensures you have the right limits, deductibles, and discounts in place.

Final Thoughts

Shopping around, bundling policies, raising deductibles, taking advantage of discounts, and maintaining your home are some of the most effective ways to save on homeowners insurance.

At Atlas Insurance Brokers, we make the process easy by comparing rates from more than 30 carriers. That means we can help you find affordable coverage that still protects what matters most.

Find an agent today for a free homeowners insurance review.

Disclaimer: The information contained in this blog post is provided for informational purposes only and should not be construed as advice on any matter. The material may not reflect the most current developments in the insurance industry. We disclaim all liability in respect to actions taken or not taken based on any or all of the content to the fullest extent permitted by law. Do not act or refrain from acting upon this information without seeking professional advice.