According to Bankrate, U.S. home insurance premiums are up an average of 23% in 2024.
đ§ But, you can still save on rates if youâre strategic. Here are a few of our top tips:
đď¸ Shop Around - We recommend that you review at least three estimates while taking into account any differences in the policy terms.
đ¸ Increase Your Deductible - According to Nerdwallet, raising your deductible from $1,000 to $2,500, for example, could save you an average of 11% each year.
đ¨ Make Strategic Home Improvements - Some projectsâlike updating your electrical systemâcan reduce your rates by making your home safer or less prone to damage.
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