Over the past few years, many of us have experienced sizable increases in insurance premiums. Unfortunately, that trend is expected to continue. Ongoing upward pressure on costs is largely driven by inflation, rising repair expenses, increased natural disasters, as well as higher reinsurance costs. That said, there is some encouraging news. While pricing pressure remains, the market appears to be stabilizing, with increases hopefully moderating from the double-digit jumps of recent years to more manageable single-digit increases.​​

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Invest in Loss-Prevention Upgrades
Insurers are intensely focused on reducing water damage, fire, and weather-related losses.
High-impact actions include:

• Install smart water leak detectors with shut-off (whole-home monitoring systems)

• Upgrade to impact-and fire-resistant roofing, siding, and windows

• Replace aging plumbing, electrical wiring, or HVAC systems

Adjust Deductibles Thoughtfully

• Consider higher deductibles for wind, hail, or covered storms

• Keep standard deductibles manageable for non-catastrophic losses

• Ensure you have sufficient liquid savings to comfortably cover the deductible

Many homeowners see meaningful premium reductions with relatively small deductible increases.

Avoid Over or Under Insuring Your Home

• Confirm your replacement cost is accurate and not inflated by market pricing

• Review coverage for sheds, fences, and detached structures

• Update personal property limits after major purchases

• Ensure you have sufficient liquid savings to comfortably cover the deductible

Over-insuring has become increasingly common due to post-inflation valuation errors.

Be Strategic With Claims

• Avoid filing small or borderline claims, particularly for water damage

• Handle minor repairs out-of-pocket when possible

• Document maintenance and repairs for underwriting reviews

Claim frequency is a major driver of premium increases and policy cancellations.
 

For Auto Owners

• Raise collision and comprehensive deductibles based on your savings and cash flow

• Use usage-based or telematics programs when appropriate

• Maintain a clean driving record

• Take defensive driving courses

• Review rental and roadside coverage for overlap with services like AAA

• Choose vehicles with advanced safety and smart technologies

Bundle and Review Annually

• Bundle home, auto, umbrella, and specialty lines to maximize discounts

• Review coverage annually—but make changes strategically

• Ask about loyalty or tenure credits that may apply

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