5 Ways Homeowners Can Save on Home Insurance Costs in 2026
Written by
Chris Adam
Edited by
Brendan McGinley
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You may be feeling the strain on your budget from high home insurance costs.
According to a survey from Insurify, 59% of policyholders noted their costs increased last year. More than half (57%) have made financial sacrifices such as cutting back on nonessentials to help pay for coverage. With the average annual cost of home insurance reaching $3,017, it may be time to look at some ways to save.
Read on to discover some expert-backed ideas to cut your home insurance costs in 2026.
Shop Around
Several money experts who talked to GOBankingRates suggested first calling around to get quotes from different providers.
“Try to get two to four different organizations so you can compare your options. Homeowners insurance is one of those expenses that can go unchecked for years — make sure you’re getting the best bang for your buck,” said Annie Cole, Ed. D., money coach and founder of Money Essentials for Women.
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Check Your Policy
You may be paying for more than you need. If you’re not sure, Cole advised, call a representative and ask them to break down your policy coverage for you and remove anything that’s not essential.
“Most of the real savings I see don’t come from chasing the cheapest policy every year,” said Taylor Kovar, certified financial planner (CFP), co-founder of BudgetGPT. “They come from reviewing coverage people haven’t looked at in a long time. “Treating insurance like routine maintenance instead of something you only look at when rates jump usually leads to better results.”
Try Bundling
“Providers usually give discounts to customers who buy multiple products from them,” Cole said. “Consider bundling your homeowners insurance with other items like auto insurance, umbrella insurance, boat/RV insurance, pet insurance and more.”
Raise Your Deductible Strategically
“Moving from $1,000 to $2,500 can drop your premium 12% to 20%,” said Andrew Lokenauth, founder of the blog Fluent in Finance, “Park that $1,500 difference in a high-yield savings account. In three years, you’ve got your higher deductible covered even if you need to file a claim.”
Do Some Home Upgrades
Don’t just give your home an aesthetic treatment or useful features. Invest in upgrades that will protect it from damage and extend its longevity.
“The home-hardening approach works but requires upfront cash,” Lokenauth said. “Impact-resistant roofing, storm shutters or upgraded electrical panels can each trim 5% to 10% off premiums in high-risk states.”
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