3 Ways Homeowners Can Reduce Insurance Premiums

Dated: August 23 2021

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The average premium for a homeowners insurance policy increased 3.1% to $1,249 in 2018, (the latest year for which data are available), but the price of homeowners insurance is on the rise, and many owners may be looking for ways to reduce their high premiums.

Here are 3 ways homeowners may be able to save on their homeowners insurance costs in Las Vegas:

  • Always Compare policies

More than a quarter of Americans say they never compared insurance quotes, according to a March survey. But those who did said they were able to save money. Homeowners with existing policies also should consult their insurance agent to check into which discounts they may be eligible for.

  • Look for Bundles

Look into bundling a policy—insuring the home, car, or boat all with the same firm. Some homeowners report a 12% reduction in their premiums by doing this.

  • Ask about Claims-free

Also, homeowners who have had no claims for several years may be eligible for a “claims-free” discount.


Security: Some homeowners find they’re eligible for a reduction by having an alarm system in their home, up to 10% in some cases. Homeowners who live near a fire station or hydrant also may be eligible for a discount.

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Kenneth Manesse

Helping you experience something new in Las Vegas that's guaranteed. Real Estate with less stress!....

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