In today’s economy, it’s more important than ever to reduce your home expenses. A good area to consider is insurance. There are some smart things you can do to save money on insurance.

First, shop around for prices, but also make sure the company you select has good customer service and is financially stable.

Second, consider changing your deductible. Most people file a claim every 8 or 10 years. A good way to lower your rates and save money is to raise your deductible on your home and auto insurance. Over time you’ll save money, just remember when you have a loss, you’ll have to come up with the amount of your deductible.

Third, find out if merging your policies to one company will save you money. Most insurance companies provide discounts when you get coverage for 2 or more types of insurance.

Fourth, ask your insurance agent what else you can do to reduce your risk and/or save on your premiums. Installing a security system, a bolt lock or a smoke detector can save you money.

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