One area you can cut costs is homeowners insurance, but you must do it in a sensible way. Here are some tips that will help the average family cut the cost of their homeowners insurance in a smart, but economic way.

One of the many ways to cut cost on your homeowners insurance is as simple as letting your insurance agent know your home is a smoke free zone. By having no smokers in your home, you may qualify for a discount on your homeowners insurance. Many people forget to tell their agent this and could be paying more than they need to.

Updating your home is another way to say money on your homeowners insurance as well. Insurance companies love people who take an active stand in protecting their homes and usually will reward you in the form of discounts. By adding things such as a sprinkler system or alarm system to your home could pocket you a nice little discount on your home insurance. One area of ​​the home that many homeowners neglect to think about is having locks put on windows. Insurance companies love this small, but preventive measure and many will give you a discount on this. You will need to talk to your insurance agent and see what they offer.

One of the most common mistakes homeowners make is not reviewing their policy on a yearly basis. This is a good idea on a couple of fronts. Things can change in your life and you want to make sure you are covered. Many times homeowners are either under insured or over insured. By reviewing your policy, you will not be either one of these. Sit down and look over your policy the time spent could save you money.

Combine as much of your policies with one company whenever possible. If you want to save money on homeowners insurance, ask your agent about adding other services. Most insurance companies will give you multi-discounts by insuring more than one thing with them. Usually the more services you add the better deal and larger discount you will be given. Talk to your agent and see what they offer you.

The one area many people fail to ask about is discounts. Many insurance companies will not come out and say what homeowner discounts they offer. Most people know about the major ones. Some insurance companies also have some minor ones that you may be able to take advantage of. Ask and see what is available, as you never know what your options are without you ask.

The average family can do saving money on homeowners insurance. Follow some of the tips we have outlined above and see how much you can save. You may be surprised how much you can really save by putting a little effort into it. Over time, those savings can mount up and the money you save can be used for other things.