The price of homeowners’ insurance is on the rise, and many owners may be looking for ways to reduce their high premiums. While discounts can vary greatly based on location, size, and age of the house, some credits may be available that could reduce some homeowners’ premiums by as much as thousands of dollars per year, The Wall Street Journal reports.
The average premium for a homeowners insurance policy increased 3.1% to $1,249 in 2018, the latest year for which data are available. Luxury homes tend to be much more costly to insure than standard homes since they are larger and have more decorative features within.
Find the ways homeowners may be able to save on their homeowners’ insurance costs in the article here.