How to Lower Your Home Insurance Premium in Bloomington, Indiana
- Nate Jones, CPCU, ARM, CLCS, AU
- Jan 14
- 3 min read
Home insurance is essential—but that doesn’t mean you should overpay for it. Bloomington’s weather, housing stock, and local risks all influence your premium. Fortunately, there are smart strategies you can use to lower your home insurance costs without sacrificing the protection your home needs.
1. Shop Around & Compare Multiple Quotes
Insurance companies price risk differently. The best way to find lower premiums is to compare quotes from multiple carriers.
👉 A local independent agency like Wexford Insurance can provide side‑by‑side quotes from a variety of insurers, helping you identify the best price for comparable coverage.
2. Increase Your Deductible
Choosing a higher deductible (the amount you pay out of pocket before insurance kicks in) can significantly lower your premium.
🔹 Example: Raising your deductible from $500 to $1,000 could reduce your annual premium—but make sure you can afford the deductible if you need it.
3. Bundle Policies for Multi‑Policy Discounts
Many insurers offer discounts when you bundle home and auto insurance or other policies. Bundling often saves 10–25%.
Ask your agent about available bundling options and whether they make sense based on your overall insurance needs.
4. Improve Home Safety & Security
Insurers reward risk reduction. Installing safety features can lower your premium:
Smoke detectors & carbon monoxide alarms
Deadbolt locks
Home security systems
Storm-resistant roofing or impact‑rated windows
Even small improvements show carriers you’re serious about protecting your home.
5. Maintain Your Home
Regular maintenance reduces claims risk—which insurers like.
Keep up with:
Roof repairs and inspection
Updated electrical & plumbing systems
Healthy landscaping and tree trimming to prevent damage
Many carriers offer discounts for homes with updated systems that reduce hazard exposure.
6. Review Your Coverage Limits
You may be paying for coverage you don’t need. Work with an agent to:
Eliminate unnecessary endorsements
Adjust limits on personal property to reflect actual value
Remove coverage for items you no longer own
Just be careful not to drop coverage that leaves you underinsured.
7. Ask About Local Bloomington Discounts
Some carriers offer discounts based on:
✔ Claims‑free history
✔ New or updated construction
✔ Membership in certain professional or alumni groups
✔ Senior discounts
These vary by insurer, so it never hurts to ask specifically what Bloomington or Indiana discounts might apply.
8. Maintain a Good Personal Claims History
Your claims history affects rates. Avoid small claims when possible—especially those you can pay out of pocket—so you stay in a lower‑risk category with carriers.
9. Install Disaster Mitigation Features
In Bloomington and southern Indiana, weather like hail and windstorms can impact premiums. Adding features such as:
Impact‑resistant roofing
Reinforced garage doors
Hurricane straps where applicable
can justify discounted rates due to reduced risk.
10. Work With a Local Independent Agent
Because Bloomington has unique weather and housing characteristics, local expertise matters. An agent with Indiana experience can:
Find carriers that price Bloomington risk more competitively
Identify discounts you might miss
Help you balance cost and coverage effectively
👉 Get a personalized Bloomington home insurance quote from Wexford Insurance to see where you could save while keeping solid protection.
Summary: Ways to Lower Your Bloomington Home Insurance Premium
Strategy | Impact |
Compare multiple quotes | High |
Bundle policies | Medium–High |
Raise deductible | Medium |
Improve home safety | Low–Medium |
Maintain home & systems | Low–Medium |
Review coverage limits | Medium |
Ask about discounts | Variable |
