If you don't qualify for any discounts and if your lender and / or wallet allows, you can also reduce your amount of coverage, lower your limits, or increase your deductible in order to lower
your yearly homeowners insurance costs, but since each of these could end up costing you plenty out - of - pocket, getting quotes is often a safer path to rate reductions.
Of course, changing insurance providers is not the only way to lower
your yearly homeowners insurance costs.
Not exact matches
Along with your mortgage payment, additional expenses may include closing
costs, moving expenses, property taxes, mortgage
insurance,
homeowner's
insurance, utility bills, garbage collection,
yearly maintenance and any
homeowner's association fees.
The average annual premium for a
homeowners insurance policy is about $ 952, compared to the $ 187
yearly cost for renters
insurance.
Just as a move from the city to the country will lower your
homeowners and auto
insurance rates, policy changes, discounts, and lowered risk - factors can each have a marked effect on your
yearly insurance costs.