Finding affordable home insurance that doesn’t sacrifice essential coverage is something every homeowner wants. While home insurance is crucial for protecting your property and belongings, that doesn’t mean you have to overpay for it.
If you’re wondering how to get cheap home insurance, this guide will walk you through actionable steps to lower your premiums without putting your home at risk.
🔍 What Is Home Insurance?
Before diving into how to save money, let’s briefly define what home insurance covers.
Homeowners insurance typically includes:
- Dwelling coverage: Repairs or rebuilds your home after damage from fire, storms, or vandalism.
- Personal property coverage: Covers belongings like electronics, furniture, and clothing.
- Liability protection: Pays legal costs if someone gets injured on your property.
- Loss of use: Covers temporary living expenses if your home becomes uninhabitable.
If you’re looking for cheap homeowners insurance, it’s important to find a balance between affordability and adequate coverage.
💡 How to Get Cheap Home Insurance
Here are the top ways to reduce your homeowners insurance premium in 2025:
✅ 1. Shop Around and Compare Quotes
One of the most effective ways to get cheap home insurance is to compare quotes from multiple insurance providers. Prices can vary dramatically between companies for the same level of coverage.
You can use comparison sites like:
Look for insurers that offer both competitive pricing and strong customer reviews.
✅ 2. Bundle Your Policies
Most insurers offer significant discounts when you bundle home and auto insurance together. In fact, bundling can save you up to 25% on premiums.
Popular companies that offer bundling discounts include:
✅ 3. Increase Your Deductible
A higher deductible means you’ll pay more out of pocket in the event of a claim, but it also significantly reduces your premium.
For example, increasing your deductible from $500 to $1,000 could lower your annual rate by 10-15%.
Just make sure you have enough emergency savings to cover that higher deductible if needed.
✅ 4. Improve Home Security
Adding security systems and safety features can qualify you for discounts on your policy. Insurance companies love proactive homeowners.
Installations that may lower your premium include:
- Burglar alarms
- Deadbolt locks
- Smoke detectors
- Fire sprinklers
- Water leak sensors
Some insurers offer 5%–15% discounts for security upgrades.
✅ 5. Maintain a Good Credit Score
In many states, insurers use credit-based insurance scores to determine premiums. A higher credit score often results in lower rates.
Tips to improve your credit:
- Pay bills on time
- Reduce credit card balances
- Monitor your credit report for errors
✅ 6. Avoid Making Small Claims
Frequent claims can increase your premium or even cause your policy to be canceled. Consider paying out of pocket for minor repairs to keep your record clean and premiums low.
Many providers offer claims-free discounts after a certain number of years without filing.
✅ 7. Review Your Policy Annually
Insurance needs can change over time. Review your policy once a year to:
- Remove unnecessary coverage
- Adjust your coverage to current property value
- Ensure you’re getting all available discounts
Don’t assume your current insurer still offers the best rate.
✅ 8. Look for Loyalty and Special Discounts
Ask about:
- Loyalty discounts for long-time customers
- Senior or retiree discounts
- Military or veteran benefits
- Employer or alumni association perks
Even if not advertised, many insurers offer hidden deals.
🛡️ What’s the Average Cost of Home Insurance?
According to ValuePenguin, the average annual cost of homeowners insurance in the U.S. is around $1,428, or about $119 per month.
However, your cost can vary based on:
- Location and ZIP code
- Age and condition of your home
- Construction materials
- Claims history
- Coverage amount and deductible
Getting home insurance quotes from multiple providers is key to finding the cheapest and most effective plan.
🏡 Best Cheap Home Insurance Companies in 2025
Here are some top-rated providers known for affordable pricing and quality coverage:
1. Lemonade
- Tech-driven and user-friendly
- Great for millennials and first-time homeowners
- Low base premiums
👉 Visit Lemonade
2. Liberty Mutual
- Offers customizable coverage and discounts
- Strong financial ratings
👉 Visit Liberty Mutual
3. Progressive
- Offers bundling and loyalty discounts
- Easy online quotes and claims process
👉 Visit Progressive
4. Allstate
- Wide range of discounts including new home and security systems
- Personalized policies
👉 Visit Allstate
5. State Farm
- Best for bundling and local agent support
- Strong customer satisfaction
👉 Visit State Farm
📌 Final Tips to Lower Your Home Insurance Premium
- Avoid over-insuring: Don’t include the land value in your dwelling coverage.
- Update your roof and plumbing: Newer systems = lower risk = cheaper insurance.
- Stay loyal – but shop around: Loyalty can pay off, but don’t settle for poor service or high prices.
- Use online tools: Tools like Policygenius or The Zebra make it easy to compare policies side-by-side.
🙋♀️ Frequently Asked Questions
What is the cheapest way to get home insurance?
The cheapest way to get home insurance is by comparing quotes, bundling policies, raising your deductible, and installing security features to qualify for discounts.
Is it okay to get the cheapest policy?
Only if it still offers sufficient protection. Don’t sacrifice essential coverage just to save money.
How do I lower my home insurance cost after buying?
You can still lower costs post-purchase by re-shopping your policy annually, applying for discounts, or improving home safety.
✅ Conclusion: Smart Ways to Get Cheap Home Insurance
Now that you know how to get cheap home insurance, the next step is to put these tips into action. Don’t just go for the lowest price — aim for the best value: solid protection at a price that fits your budget.
Take 15–20 minutes to compare multiple quotes, review your current coverage, and see if you qualify for additional savings. It’s a small effort that can lead to hundreds in annual savings.
🔗 Helpful Resources:
- NAIC – Homeowners Insurance Basics
- Consumer Reports – Best Home Insurance Companies
- FEMA – Protecting Your Home
