How to Lower Your Home Insurance Premium in Franklin, Indiana
- Nate Jones, CPCU, ARM, CLCS, AU
- 4 days ago
- 2 min read
Home insurance is essential for protecting your property, but that doesn’t mean you have to pay more than necessary. If you live in Franklin, Indiana, there are several strategies to reduce your premium without sacrificing coverage. In this guide, we’ll share practical tips, explain what affects your rates, and show you why Wexford Insurance is your best partner for affordable coverage.
Why Lowering Your Premium Matters
Home insurance costs in Franklin typically range between $1,200 and $1,800 annually, depending on factors like home value, location, and coverage limits. For official insurance guidelines, visit Indiana Department of Insurance
Reducing your premium means more savings while still keeping your home protected. Here’s how you can do it.
Top Tips to Lower Your Home Insurance Premium
Bundle Your Policies: Combine home and auto insurance for multi-policy discounts.
Increase Your Deductible: A higher deductible can significantly reduce your monthly premium.
Improve Home Security: Installing alarms, smoke detectors, and smart locks can earn you discounts.
Maintain a Good Credit Score: Insurers often use credit scores to determine risk and pricing.
Avoid Small Claims: Frequent claims can raise your rates—handle minor repairs out of pocket when possible.
Shop Around for Better Rates: Compare quotes from multiple providers to find the best deal.
Necessary Insurances for Franklin Homeowners
Homeowners Insurance – Protects your home and belongings.
Flood Insurance – Essential for high-risk areas.
Personal Liability Coverage – Shields you from injury claims.
Umbrella Policy – Adds extra liability protection.
Why Choose Wexford Insurance?
At Wexford Insurance, we specialize in helping Franklin homeowners save money without compromising coverage. Our team works with top-rated carriers to provide affordable, comprehensive policies tailored to your needs.
Ready to lower your premium?
Visit Wexford Insurance for a free quote today!
