11 Ways to Lower Your Homeowners Insurance Costs

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Purchasing a home is an important investment for many adults, and it’s equally important to protect that investment. If you own a home, you know that homeowners insurance is a necessary expense — and it can be a costly one at that. The peace of mind that comes with knowing you're covered in the event of an accident is priceless, but that doesn't mean insurance premiums don't take a financial toll on your budget.

In the U.S., the national average cost for homeowners insurance is $1,015 a year. But annual premiums for homeowners insurance can vary by hundreds of dollars depending on the company you choose, your home’s location, and the specific policy details and limits you opt for. Fortunately, it’s possible to save money without forgoing any necessary protective measures in your policy. Use these helpful tips to lower your premium costs while still keeping yourself fully covered.