How to Lower Your Home Insurance Premium in South Carolina

The average $300,000 home in South Carolina has a $2,611 annual home insurance bill, adding over $200 to your monthly mortgage payment. These prices are also on the rise as South Carolina homeowners face increased risks from tropical storms and flooding. But there are several strategies you can use to lower your home insurance premiums without compromising on protection and peace of mind. At LW Short Insurance Agency, we work with each of our clients to find the right home insurance premium in SC, and we know what tactics can lead to lower insurance costs. Read this quick guide and contact us to get started.

Steps You Can Take to Lower Your Home Insurance Premium

If your goal is to lower your monthly premium, there are different changes you can make to your policy while still maintaining enough home safety insurance to satisfy your mortgage company and your own requirements. Consider these steps:

​

• Consult with LW SHORT INSURANCE. They can streamline the process by comparing multiple policy options and quotes from different providers to find the best premium for your needs.

• Increase your deductible. A higher deductible will lower your premium, but you'll have more to pay out-of-pocket if you file a claim. For handy homeowners or homeowners okay with risk, this can be a great strategy. (Conversely, you can reduce your insurance deductible if you'd rather have a higher monthly fee but lower upfront costs in an emergency.)

• Home maintenance can prevent claims that would increase your premium. In addition to routine care, certain home improvements can make your property safer—and may even qualify you for discounts on your policy. Features like a monitored home security system, hurricane shutters, or a newer, more durable roof can reduce risk, strengthen your home's protection, and potentially lower your insurance costs over time.

These changes can have a direct impact and lower insurance costs.

Discounts Available for Homeowners in South Carolina

Many insurance providers also offer insurance discounts that you may qualify for. For example, you might qualify for loyalty discounts or discounts due to years without making claims. But when you're considering switching to a new provider, you can't access those discounts yet. Instead, ask if you receive a lower premium if you bundle home and auto insurance. Also, ask if additional policies, like hurricane insurance in SC, can lower your home insurance policy costs or give you a discount for signing up for more robust coverage.

Home Maintenance Actions That Can Lower Home Insurance Premiums

If you're looking for budget-friendly SC home insurance tips, home maintenance can play a significant role in keeping your insurance premiums lower. Keeping your gutters clean, checking your plumbing every season, and cleaning out your dryer vent all reduce the risk of you having to make a claim for a new roof, water damage, or a fire. Keeping your home low-risk is one of the most effective ways to see a lower home insurance premium in SC over time.

Effective Policy Bundling for Lower Home Insurance Premiums

Bundling your insurance policies with a single provider offers several benefits. You can lower insurance costs by getting a discount for choosing home insurance and car insurance from the same company. This also offers benefits like easier bill paying and simplified claims management because all of the details are in one place.

​

In some instances, bundling can save you money, but in some cases, shopping with multiple providers separately can be beneficial.  An Agency, like LW Short Insurance, can do both and look at it multiple ways to get you the best deal.  The benefits of using an independent agency are that they can shop multiple providers, where they can look at all your options to get you the best price.

​

Get a Quote Today

At LW Short Insurance Agency, you can help simplify the insurance comparison process. Our agents can put together quotes from different providers and with different policy options, including different coverage types, different coverage levels, and different deductibles, to see what works best. Contact us today to get a quote and start exploring your options.

Featured Image: Prostock-studio / Shutterstock