Consumer Reports Offers Strategies to Lower Rising Homeowners Insurance Costs
Consumer Reports has identified several strategies for homeowners to reduce their insurance costs amid rising premiums. Over the past three years, home insurance costs have increased by an average of 24%, driven by weather-related losses and inflation. Recommendations include shopping around for better rates, bundling home and auto insurance, and considering higher deductibles. Additionally, making home repairs, such as roof upgrades and installing security systems, can lead to premium reductions. Lifestyle choices, like pet ownership and property features, also impact insurance rates.