Reducing Homeowners Insurance Premiums

5 ways to save on homeowners insurance and take advantage of available discounts

Learn how to keep premiums down

5 Ways To Reduce the Cost Of Homeowners Insurance

Looking to lower your homeowners insurance premiums? Of course…who isn’t?

The best ways to save money and reduce your premiums is to qualify for insurance discounts. You could qualify for more discounts and lower your premium when you follow these 5 helpful hints:

  1. 1

    Make your home safer

    Homeowners who protect their homes and family from theft, accidents, and losses often have lower rates and qualify for discounts. Here are some things you can do now to make your home safer and potentially qualify you for a lower homeowners insurance premium:

    • Secure your doors and windows with dead bolts and strong locks.
    • Install a security system with an outside signal and connection to local police.
    • Install and maintain smoke detectors.
    • Install a fire alarm that automatically alerts the local fire department.
  2. 2

    Don't smoke

    It’s an unfortunate reality, but according to the U.S. Fire Administration, smoking indoors is the number one cause of home fire deaths in the U.S. Not only that, but smoking causes hundreds of thousands of dollars in fire and smoke damage each year. That’s why, generally, non-smokers will qualify for lower Homeowners insurance premiums than smokers. In many states, Farmers offers a discount on Homeowners insurance if all members of the household haven’t smoked in the past few years.

  3. 3

    Multi-line Policies

    Enjoy the convenience of one-stop shopping and save when you insure your important possessions with Farmers. Having your homeowners policy along with other Farmers policies, such as auto or recreational vehicle, qualifies you for a discount.

  4. 4

    Increase the deductible on your policy

    In many cases, a higher deductible means a lower premium. It also means paying more out of pocket in the event of a covered loss though. Talk to your Farmers agent so you can determine the best balance for you.

  5. 5

    Ask a Farmers Agent about more discounts

    Insurance discounts vary by state, so make sure to chat with your Farmers agent about the discounts available in your area. Typically though, you qualify for discounts for having multiple Farmers policies, newer electrical and plumbing systems, a new roof, and energy-efficient features in your home!


This brief summary is not a policy document. Please read the actual policy documents for your state for important details on coverages, exclusions, limits, conditions, and terms. If there is any conflict between this summary and the policy documents, the policy documents will control. Not all products and discounts are available in every state.