These 15 Home Improvements Deliver Big Insurance Discounts

when it  comes to homeowners insurance, it’s easy to set it and forget it. After all, most consumers only think about insurance when they’re getting a filing a claim or scoring homeowner insurance discounts when it’s time for a new policy. But if you take that approach, you could be leaving money on the table.

Most companies offer homeowner insurance discounts on several home improvements and repairs. Some upgrades can knock as much as 35% off the premium. With the average cost of homeowners insurance at $1,445 per year, that’s a potential savings of more than $500.

So if you’ve made some improvements to your home since getting your policy or you plan to make some changes soon, these upgrades could put some money back in your pocket.

Upgrades that increase your home’s security and safety, and decrease your risk can result in significant savings while others may garner a more modest decrease. For example, some insurers only provide a 1% discount for a centrally-monitored fire alarm. But other upgrades, such as overhauling an electrical system, can result in savings as high as 33%. Additionally, home insurance discounts vary between insurers, even for the same upgrade.

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