7 Tips to Saving Money on Home Insurance

Home insurance is one of those expenses every homeowner needs—but no one wants to overpay for. At Baker & Carey Insurance in Waco, Texas, we know that finding the right balance between coverage and cost can feel overwhelming. The good news? There are several simple steps you can take to lower your premiums without sacrificing protection. Here’s how to keep more money in your pocket while still protecting what matters most.

1. Bundle Your Policies

One of the easiest ways to save is by bundling your home insurance with other policies like auto, motorcycle, or life insurance. Most insurance carriers offer multi-policy discounts that can save you up to 25% or more. It's convenient—and a smart financial move.

2. Increase Your Deductible

Your deductible is the amount you pay out-of-pocket before insurance kicks in. By raising your deductible—even from $1,000 to $2,500—you could save hundreds per year on premiums. Just be sure you have the funds set aside in case of a claim.

3. Improve Home Security

Many insurance companies offer discounts for homes equipped with security features like alarm systems, smart locks, monitored cameras, and fire alarms. These upgrades not only make your home safer but can also lower your insurance costs.

4. Maintain a Good Credit Score

In many states, including Texas, your credit score can influence your home insurance rate. Paying bills on time, reducing debt, and reviewing your credit report regularly can all help improve your score—and lower your insurance premium.

5. Review Your Coverage Annually

Life changes—and so should your insurance. Review your policy every year to ensure you’re not paying for outdated or unnecessary coverage. If you've remodeled, added safety features, or downsized belongings, you may be eligible for new discounts or adjusted coverage.

6. Avoid Small Claims

You may be tempted to file a claim for a minor issue, but frequent claims—even small ones—can raise your premiums. If the repair cost is close to your deductible, consider paying out-of-pocket to avoid future rate hikes.

7. Ask About Discounts

Many homeowners don’t realize that senior citizens, new homebuyers, military members, and even nonsmokers may qualify for additional savings. At Baker & Carey Insurance, we help clients explore every available discount to get the best possible rate.

Lower Your Premiums the Right Way

Saving money on home insurance doesn’t mean cutting corners—it means making informed decisions that reduce risk and reward responsibility. When you work with Baker & Carey Insurance, we take the time to understand your situation and connect you with the most competitive rates available in Waco and beyond. Contact Baker & Carey Insurance today to review your policy, explore savings options, and secure affordable coverage that protects your home for the long haul.