By Jan Norby
•
October 6, 2025
As you may have noticed, home insurance premiums are on the rise, and it’s crucial to take proactive steps to manage these costs effectively. In Southern Oregon, we are faced with wildfire dangers which are leading many insurance companies to raise their rates. Here are some tips that can help you navigate the situation: 1. **Review Your Coverage**: Take a close look at your current policy. Are you certain about the amount of coverage you're maintaining? Consider whether you're willing to give up essential coverage just to save a few dollars. Using an insurance agent can help guide you in the right direction. 2. **Adjust Deductibles and Other Structures**: Increasing your deductible can lower your premium, but make sure this is a feasible option for you in case of a claim. A $5,000 deductible can save substantial premium, but make sure you can pay the deductible if a claim arises. We also need to make sure you have adequate coverage for other structures such as barns, garages, carports, shops, and cottages, or perhaps you have too much coverage that can be adjusted down. 3. **Re-shop Your Policy**: We can assist you in exploring options with other insurance carriers we represent that might offer better rates without compromising on coverage. Keep in mind re-shopping can raise your rates if done too often. We recommend every two to three years. 4. **Seek Professional Guidance**: Getting expert advice can provide valuable insights into how to optimize your policy and reduce costs. Insurance Services is here to make ensure financial hardship is not in your future due to a sudden loss. We can make recommendations based on your needs to form fit a policy to you. 5. **Look for Discounts**: Don't forget to ask about any available discounts; many companies offer savings for bundling policies or having security features in place. The purchase of inexpensive water alarms can also offer discounts and save you from making an expensive claim. 6. **Invest in Home Improvements**: Upgrades like installing a new roof or upgrading your electrical or plumbing can significantly lower your premiums over time. 7. **Improve Your Credit Score**: A better credit score often translates into lower insurance rates, so focus on strategies that can enhance your creditworthiness. 8. **Location Matters**: Lastly, remember that rates tend to be lower within city limits compared to rural areas, so consider this when evaluating your options. This is partly because of the proximity to a fire station and the fact city limits have fire hydrants versus outside city limits. Many more companies can compete for your home insurance because the risk of heavy fire damage is lower inside city limits. Outside of city limits can even mean some properties have fire scores so high none of our insurance companies will return a quote. Taking these steps not only helps manage rising costs but also ensures you're adequately protected without breaking the bank. If you'd like assistance with any of these strategies or want to discuss further options, please don't hesitate to reach out to anyone on our staff.