9 Tips to Lower your Homeowners Insurance Costs.

1. Combine buildings and contents cover 
Think about taking away each with the same insurance company, as you'll be able to usually negotiate a less expensive price. It’s price comparing the price of getting your buildings and contents cover one by one too, thus you'll be able to make sure you’re getting the best deal.

2. Cut out the frills 
Check what extras you’re paying for, and whether or not you need them. you may reduce the price by going for a basic policy and cutting out, for example, accidental damage cover. this could save as much as 20% on the cost of your insurance.

3. Increase your excess 
One of the most common ways to slash your cost is to increase the voluntary excess. this can be the quantity you need to pay within the event of a claim, and it will vary from about £50 to many pounds. the higher the excess, the lower your premium. 

4. Pay annually
While spreading your payments over monthly instalments could appear more manageable, it’s almost always more expensive because you’ll be charged an extra admin fee.

5. Pay your own way
Think twice before making a claim. If it's only a minor repair it would be better to use your own money to sort out the problem, then protect your no claims discount.

6. Build up your no claims discount 
If you don’t make any claims, you may typically earn a discount on your premiums. this could cut the cost of your insurance by as much as 50% after 5 years.

7. Join a neighborhood watch scheme
This might cut back your premiums by around 5%, and provides you additional peace of mind.

8. Fit smoke alarms 
Faulty electrics cause around 7,000 house fires across the country each year, thus ensure you've got smoke alarms throughout your property. keep in mind to check them frequently to create certain they’re working properly.

9. Insulation
Burst water pipes are among the most common home insurance claims, thus ensure to insulate your pipes.