Ask for a discount if you have had your homeowners’ insurance with the same company for at least three years. Many companies reduce premiums by 5% for policyholders who have been with them for three to five years, and 10% for people with them for six years or more.
More savings: Review your policy annually to be sure you’re not paying for coverage you no longer need.
Laura Bushnell is Editor in Chief for National Review Brand Foundation of Consumer Updates and based in Boston. Previously, she held senior VP level positions in corporate finance and consumer financial planning firms.