How Can I Lower My Home Insurance Premium?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The premium is driven primarily by the amount of coverage on the residence.  Check with your agent to see if the amount is excessive.  Occasionally, due to annual increases, coverage does exceed the actual cost of reconstruction.  The second way to reduce the premium is to increase the deductible.  There are small decreases available for the installation of central station alarms.  Notice, I didn’t suggest that you reduce the liability limits.  In my opinion that is just not wise.
    Answered on May 30, 2014
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