Cheap homeowners insurance

If you raise your deductible, your premium usually goes down because you're agreeing to pay more if you have a claim. How much can you save depends on things like your home, the state you live in, and how much you increase the deductible. A good rule of thumb is to only choose a deductible you'd be comfortable paying out of poket if something happens.

Cheap shouldn't mean you're underinsured. Instead of focusing only on price, look at the overall value. Compare coverage amounts for the home itself, wheather the policy pays replacement cost or actual cash value, liability limits, and important add-ons.

Keep in mind that the lowest premium can lead to high out-of-pocket costs after loss. A better goal is an affordable price with coverage that reflects what it would cost to rebuild your home.

At Liberty Mutual, we offer many ways to save, including discounts and savings when you bundle auto and home.