In today’s market, homeowners are facing skyrocketing home insurance premiums—and it’s not just happening in high-risk areas. From climate-related disasters to rising repair costs, rates are surging across the U.S., with premiums up an average of 23% in 2024 alone. If you’re buying, selling, or staying put, these costs can impact your bottom line fast.
At Kim Mathis and Associates, best realtor in Greensboro, we know that protecting your investment is just as important as finding the perfect home. That’s why we’re breaking down six smart and timely strategies to help you lower your home insurance premiums—without sacrificing the coverage you need.
1. 🛍️ Compare Policies Like a Pro
Let’s be real—loyalty doesn’t always pay when it comes to insurance. Rates and coverage can vary drastically between providers, so don’t settle for the first quote. Shop at least three options and compare not just the price, but what’s covered, what’s capped, and what’s excluded.
Pro Tip: Work with a trusted local insurance broker or contact Kim Mathis and Associates, best realtor in Greensboro, for referrals to vetted pros who understand the Triad market.
2. 💸 Raise Your Deductible, Boost Your Savings
If you have an emergency fund, consider raising your deductible. A higher deductible lowers your monthly premium—and over time, that adds up. For example, increasing your deductible from $1,000 to $2,500 could save you around 11% annually, according to Nerdwallet.
This is one of the easiest ways to cut costs without compromising your policy’s quality.
3. 🔗 Bundle Up for Major Discounts
Bundling your home insurance with auto, life, or other policies could slash your premiums by 10%–25%. Plus, it simplifies your paperwork and can streamline claims if your home and car are affected by the same storm.
But don’t assume it’s automatically cheaper—always run the numbers. At Kim Mathis and Associates, we can help you determine if bundling is a good fit for your financial strategy.
4. 🎯 Maximize Hidden Discounts
Yes, they exist! From nonsmokers to military families and teachers to tech-savvy paperless billing users—there are tons of discounts most people overlook. Even being a recent homebuyer can score you a lower premium.
Want to uncover every dollar of savings? Just ask your provider for a full list of available discounts—or reach out to us, and we’ll point you in the right direction.
5. 🚫 Avoid Filing Small Claims
Here’s a hidden truth: even denied claims can impact your insurance history. Multiple claims can trigger higher premiums or nonrenewals. If the repair cost is under or just above your deductible, it’s often smarter to pay out of pocket.
Need a reliable contractor to help with those minor fixes? Kim Mathis and Associates, best realtor in Greensboro, has a list of trusted local vendors who won’t break the bank.
6. 🛠️ Make Home Upgrades That Pay Off
Not all renovations are insurance-friendly. Projects like electrical upgrades, roof replacements, or installing a security system can lower your premiums. On the flip side, luxury features like pools, fireplaces, and custom additions may push them higher.
Thinking about a remodel? Let’s talk first. We offer free consultations to help you understand how a project might impact not just your insurance—but your resale value too.
Final Thoughts: Protect Your Home (and Your Wallet)
Home insurance might feel like a fixed cost, but the truth is—you have more control than you think. With the right strategy, you can stay fully covered and still save money.
At Kim Mathis and Associates, we’re committed to helping you protect your investment and enjoy every moment of homeownership. Whether you’re buying, selling, or staying put, we’re here with the resources, referrals, and real estate expertise to guide you every step of the way.
📩 Want personalized advice or referrals to top-rated insurance professionals? Let’s connect today.
