5 Key Ways to Lower Your Home Insurance Premiums

Home insurance is an essential investment, but that doesn’t mean you can’t save on your premiums. At GoToInsure, we’re committed to helping Atlantic Canadians get the most value out of their home insurance. Here are five practical ways to lower your home insurance costs without compromising on coverage.

1. Improve Your Home Security

Adding security features like alarm systems, smoke detectors, and deadbolt locks can reduce your risk of damage or theft, which insurers reward with lower premiums. GoToInsure can guide you on what upgrades might qualify you for discounts.

2. Bundle Policies

Just like with auto insurance, bundling your home insurance with other policies such as auto or recreational vehicle insurance can lead to significant savings. At GoToInsure, bundling is one of the simplest ways to cut costs.

3. Raise Your Deductible

Choosing a higher deductible reduces the amount your insurer pays out for smaller claims, which often leads to a lower premium. Be sure to pick a deductible that fits your financial situation comfortably.

4. Upgrade Your Home

If your home has an outdated roof, plumbing, or electrical system, you may be paying higher premiums. Upgrading these systems reduces your home’s risk profile, often leading to savings. GoToInsure can help you identify which upgrades could have the biggest impact.

5. Review Your Policy Annually

Life changes, and so should your insurance. Whether you’ve renovated your home, paid off your mortgage, or simply want to explore better rates, an annual policy review ensures you’re not overpaying.

These tips can help you reduce your premiums while maintaining peace of mind. Reach out to GoToInsure today to review your home insurance and explore more ways to save.