Homeowners insurance can often be confusing because many homeowners don’t always fully understand how insurers determine what to charge for premiums.

Once you understand how these premiums are calculated, you can proactively work with your insurer to lower you premium. What an insurance company does when they determine your rates is assess their risk in insuring your property.

Raising Your Deductible

Most insurance policies, whether it is an auto policy or health insurance policy, will have a deductible you must meet before the policy pays on a claim.

Home insurance is no different. If you have a $10,000 deductible on your policy, and your home incurs $30,000 worth of damage, you insurance company will first “deduct” your deductible from the claim and you will get a check for $20,000.

Deductibles have a large impact on premium costs. The lower your deductible, the higher your premium and conversely, the higher your deductible, the lower the premium. It goes without saying that one of the best ways to lower your insurance premium cost is to raise your deductible.

Using can help you find the right homeowners insurance. So, don’t delay any longer, simply enter your zip code and get started today!