Best Ways to Save on Homeowners Insurance Today

Home insurance premiums are rising, making it crucial to find ways to cut costs without compromising coverage. From leveraging smart security systems to bundling policies, this guide explores the best ways to lower your homeowners insurance expenses and get the best value for your coverage.

Current Trends in Home Insurance Premiums and Statistics:

Rising Costs: U.S. home insurance premiums are increasing and are expected to keep rising through 2024.
Drivers: Higher premiums are due to more natural disasters, increased construction costs, and rising reinsurance prices.
Regional Impact: States like Florida and California face the steepest hikes. For example, Florida’s premiums might increase by 7%, reaching over $11,700.
Other Factors: Inflation and high rebuilding costs, plus rising reinsurance and legal issues, contribute to the trend.
Overall: Homeowners should prepare for a 10% to 15% increase in premiums this year.

Source: Fitchratings

10 Smart Ways to Reduce Your Homeowners Insurance Premiums

1. Upgrade Your Home Security System

Installing a smart home security system can qualify you for discounts from your insurance provider. Features like video doorbells, motion sensors, and professional monitoring can reduce the risk of theft and property damage.

Pro Tip: Insurers often provide 5-15% discounts for homes with advanced security systems.

2. Increase Your Deductible

Opting for a higher deductible lowers your premium. Ensure you have the financial means to cover it in case of a claim.

3. Bundle Home and Auto Insurance

Many insurers offer discounts when you bundle multiple policies. Bundling can lead to savings of up to 25% on your premiums.

4. Maintain a Strong Credit Score

A good credit score can positively impact your insurance quote, as insurers view responsible financial behavior as an indicator of lower risk.

5. Regularly Review and Update Your Policy

Assess your coverage annually with an insurance agent to ensure you're not overpaying or missing eligible discounts.

6. Install Safety Features

Adding storm shutters, upgrading your roof, and installing smoke detectors can help lower your insurance costs.

7. Consider Separate Flood Insurance

If you live in a flood-prone area, purchasing flood insurance separately can sometimes reduce overall premium costs.

8. Compare Multiple Insurance Quotes

Shopping around and comparing rates from various insurers can help you secure the best deal. Online comparison tools make this process easier.

9. Ask About Lesser-Known Discounts

Many insurers offer discounts for long-term customers, military personnel, and first responders.

10. Reduce Coverage on Unused Structures

If you have detached garages or sheds that aren’t in use, reducing their coverage can lower your premium.

Enhance Security & Save: Why Kangaroo Home Security Stands Out

Kangaroo Home Security offers budget-friendly, effective solutions to enhance your home’s safety and potentially reduce your homeowners insurance premiums. Their easy-to-install systems cater to various needs with both DIY and monitored options.

Key Features:

Affordable Plans: Choose from various plans tailored to different budgets and security needs.
Simple Installation: Most products are designed for DIY setup, allowing quick enhancement of your home security.
Smart Devices: Includes indoor and outdoor cameras, motion, door, and climate sensors, and the Kangaroo Photo Doorbell Camera and Video Doorbell Camera.
Remote Monitoring: Manage your security system and receive alerts via the Kangaroo app.
Insurance Discounts: Potential savings on homeowners insurance premiums even with just a self-monitored system.
Support: Reliable customer support for setup and troubleshooting.

Kangaroo Home Security combines ease of use with advanced features, making it a practical choice for homeowners looking to boost safety and save on insurance costs.

Check Out Kangaroo Security Solutions

Kangaroo's Dory Insurance Concierge: Boost Home Insurance Savings with Smart Security.

Meet Dory

Maximize Benefits and Savings: Our priority in Dory is to help you get the most out of your home insurance benefits and savings.
Direct Insurance Contact: Kangaroo Home Security will directly reach out to your insurance provider to verify eligibility for home insurance discounts.
Lower Premiums: Installing Kangaroo’s advanced security systems may help lower your homeowner's insurance premiums.
Proactive Approach: This ensures that your security upgrades are acknowledged, providing both peace of mind and financial savings.
Cost-Effective Protection: Securing your home with appropriate insurance doesn’t have to be daunting or expensive. Explore discounts for bundling home and auto policies and installing advanced security systems like Kangaroo to protect your investment and save on premiums.

Customer Reviews: Why Kangaroo Home Security is Winning Over User

"I was a bit hesitant with how cheap this all was, but I have experienced nothing but amazing customer service and a good video camrea! It's not like a thousand dollar set up, but it's a huge upgrade from the previous camrea I had, which was way more expensive. It's also very simple and easy to use. I have been able to show multiple people how to use it with various levels of technological knowledge without issue. Will certainly be investing in a few more in the future. Great buy." - Holly, Kangaroo Playstore Review
"The app is user friendly & responds well to the camera. It promptly sends alerts when activity is picked up,stores 30 days of video to the cloud, & it's easy to delete those that you don't need. Setup is a breeze-the chime plugs into any outlet & you choose the functions & sensitivity you want. I bought the doorbell cam with the chime when they 1st hit the market over a year ago & have never been disappointed. Compared to the higher priced security systems, I give it an A+ rating." - Sharon W., Kangaroo Playstore Review
"I actually like the ability to have my camera doorbell send me an image through Wi-Fi so I can see who is at my door I love this app very much and the ease-of-use to me this is more affordable than ring or any other doorbells with cameras at least that I'm aware of it right. The fact that in the beginning it can be free no payments with awesome that you can still use it however we have the option to upgrade it with a monthly payment which is also awesome, keep up the Great work kangaroo." - Michael W., Kangaroo Playstore Review
"Great for the money that's absolutely 1 for sure thing I know, that instead of getting the negative benefit of having to pay multiple hundred of dollars for the camera or doorbell or so on and so forth. That me personally in my situation. I have only had to pay $24.99 total for the doorbell and that came with 2 week free trial as well" - Cole G., Kangaroo Playstore Review
"Easy to use, pleasing interface, inexpensive devices that work just as well as the more pricey ones, great service, and free or low cost security plans available. I'm a fan!" - Jeff S., Kangaroo Playstore Review

Final Thoughts: Take Action to Save on Home Insurance

As homeowners face rising insurance costs, implementing smart security measures, bundling policies, and exploring discounts can make a significant financial impact. By investing in Kangaroo Home Security, you not only enhance home protection but also unlock potential insurance savings.

Ready to lower your insurance premiums? Secure your home today with Kangaroo’s affordable security solutions and start saving!

Learn more