If you or a dependent is under 24 and attend college you can get a discount depending on good grades.
Homeowner premiums can sometimes be lowered by something simple like putting in a fire extinguisher in the garage.
If you have quit smoking it is important to renew your policy considering you could be paying four times the amount for life insurance.
Look at Liability Coverage- An important addition to homeowner policies is umbrella liability coverage. Without it you could be looking at a lawsuit for someone getting injured on your property, which could bankrupt you. This kind of coverage isn’t as common but necessary for renters who live in large buildings. A fire in one apartment can easily spread to another unit, potentially putting a renter at risk for being billed for damages.
Avoid Narrow Coverage- Some experts warn against an insurance policy that is to narrow. For example, Cancer insurance makes no sense when other policies can cover a broader array of health ailments. Insurance experts recommend a life insurance benefit of 5 to 10 times annual income, depending on how many debts and dependents you have.
Get Disaster Coverage- Fire insurance won't necessarily pay out if an earthquake caused the fire--unless you have earthquake insurance. And coverage for hurricane wind damage might not protect you from the flood caused by the hurricane.
Pick a Responsive Insurer- Use an insurance agency you can trust. An agency that can answer your questions the second you have them. Do not purchase insurance from an agency that is hard to get ahold of.