How to Lower Your Home Insurance Premium in Columbus, Indiana

Nate Jones, CPCU, ARM, CLCS, AU
2 days ago
2 min read

Homeowners in Columbus, Indiana know how important home insurance is — but high premiums can strain any household budget. The good news: there are proven strategies to lower your home insurance premium without sacrificing the coverage you need. In this guide, we break down practical steps, expert tips, and affordable options to help you save.

Why Home Insurance Premiums Vary

Your home insurance premium reflects the risk that an insurer takes on when protecting your home. Several factors influence that cost:

Location and local weather risks (e.g., storms, tornadoes)
Home age, construction type, and replacement value
Claims history and credit score
Coverage limits and deductibles

Understanding these variables helps you target the right strategies for savings.

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Proven Ways to Lower Your Home Insurance Premium

1. Increase Your Deductible

One of the fastest ways to reduce your premium is to raise your deductible — the amount you pay out of pocket if you file a claim. While this means more upfront cost after a loss, it can significantly lower your annual premiums.

2. Bundle Policies

Many insurers provide multi‑policy discounts. Combining home and auto insurance — or other policies — can lead to substantial savings. Wexford Insurance offers bundled rates that often reduce overall costs.

3. Improve Home Safety and Security

Installing safety devices like:

Smoke and carbon monoxide detectors
Burglar alarms and monitored security systems
Deadbolt locks and storm shutters

can lower your risk profile and earn you discounts on your policy.

4. Maintain a Good Credit Score

Many insurance companies consider credit history when calculating premiums. Improving your credit score can lead to better rates — something worth investing in if you’re seeking long‑term savings.

5. Review Coverage Annually

People often renew their policy with the same coverage year after year — even if circumstances change. Review your policy regularly to:

Remove outdated coverage
Adjust limits based on home improvements
Eliminate redundant options

This can reduce costs while ensuring adequate protection.

6. Ask About All Available Discounts

Insurers may offer discounts for:

Claims‑free records
Loyalty programs
Retirees
New home construction

Ask your agent which discounts apply to you.

7. Work With a Local Insurance Specialist

A local agent understands Columbus risks like seasonal storms, local fire response, and regional construction costs — offering tailored advice you can’t always get from online shopping alone.