Cheap Homeowners Insurance (August 2025)

Home insurance and swimming pools

Pools, hot tubs, playgrounds, and trampolines are examples of outdoor elements that are regarded as appealing annoyances. While having these in your home is great, they come with significant risks. These can cause an injury to a guest, which raises the possibility that your insurer will step in to defend your liability. Any of these characteristics will raise your rate to reflect the greater risk.

Home age and insurance

In general, newer properties are less expensive to insure than older ones. It is because they follow the most recent building safety regulations, which can increase their resilience to natural calamities. Additionally, newer plumbing, electrical, and other systems endure less wear and tear than older ones, which reduces the likelihood that they may malfunction and cause harm. The following insurers provide cheap homeowners insurance based on the home's age.

How do claims affect home insurance?

If you've filed too many claims in the past, it could be not easy to find an insurer willing to cover you. The Insurance Information Institute (III) estimates that one in every twenty insured houses files a claim annually. The following table shows how a fire or weather claim can influence your home insurance rate.

Cheapest homeowners insurance companies for homeowners with aggressive breed dogs

Homeowners insurance premiums may increase as a result of furry companions. All insurers keep a list of 'dangerous.' However, remember that each company has policies; some are dog-friendlier than others. For instance, some businesses have a concern with the individual dog's history of biting or aggressive behavior than the breed. The following table shows the insurance providing cheap homeowners insurance with 'dangerous' dog breeds.

Tips for buying cheap home insurance | How to save money on homeowners insurance

The law doesn't mandate you to have a home insurance policy. However, your mortgage lender may require it. Home insurance could be a wise investment if your house gets damaged or destroyed in a covered risk. Although most insurance experts agree that getting home insurance is a smart idea, you don't have to overpay for protection. You can follow these tips to find cheap homeowners insurance that satisfies your requirements and gives you financial security.

• Evaluate your needs: Spend some time figuring out what you want before starting to get insurance quotes. For instance, are you trying to find the cheapest home insurance? Do you require top-notch customer service or a certain add-on coverage? It can make it easier for you to select more suitable insurers for your needs, saving you time from requesting quotes from insurers that won't be of use to you.
• Determine your home's replacement cost: Although every insurer will have a unique valuation tool, it may be good to know how much home insurance you require. In this manner, you can concentrate on finding a quote for the right amount of dwelling coverage. Just keep in mind that the market worth of your house is not the same as its replacement cost. You can find online calculators to assist you in estimating the cost of rebuilding your house. You can also get assistance from an insurance expert during this procedure.
• Consider your liability exposure: Most home insurance policies include liability coverage up to a limit of $300,000. However, you might want to consider a greater liability coverage level or an umbrella policy if you have a pool, trampoline, playset, or frequent host of guests. Although a greater limit will surge your rates, it offers essential financial protection against lawsuits if someone gets injured on your property. In addition, it ensures you have enough protection against a catastrophic loss.
• Shop around: Every home insurer is different. Each insurer offers a unique set of coverage options and discounts in addition to its system for evaluating policies. You can compare rates, coverage options, and discounts by shopping around and requesting quotes from different insurers, allowing you to choose a policy for your requirement.
• Improve or keep your credit score: Your credit score can significantly impact your home insurance premiums. Although certain states prevent insurers from utilizing credit information to determine rates, most insurers utilize your credit-based insurance score as a rating element. According to the III, insurance companies surge premium rates for homeowners with poorer credit since they are statistically more likely to make claims. Therefore, your home insurance rate may remain cheaper if you maintain or improve your credit score.
• Take advantage of home insurance discounts: Discounts may enable you to save well on your homeowners insurance. Multi-policy, home safety features, loyalty, the new homebuyer, and claims-free are some frequent discounts. However, every insurer has a different selection available.
• Increase your deductible: You'll pay a lesser premium if you increase the amount of deductible you pay.
• Add security measures: Some insurers provide discounts for home security of up to 15% if you install smart home technology, home security systems, and other safety features. For instance, if you disaster-proof your home, insurers in regions like Florida and Texas prone to natural disasters can provide substantial wind mitigation discounts. So you might be able to save by doing anything from adding hurricane-resistant windows to replacing your roof's shingles.
• Bundle policies: combining your home and auto insurance policies can save your home insurance premiums up to 30%. Additional benefits of insurance packages include a single cost and a lower deductible for claims when your home and car get destroyed simultaneously.

What impacts your home insurance premiums?

Are you looking for a cheap home insurance policy? Then consider these factors before getting quotes for buying cheap homeowners insurance.

Location: Your state and zip code may significantly impact your premiums. For instance, due to the proximity to the ocean, Louisiana, Florida, and Texas frequently have the highest home insurance premiums. However, in inland states like Arizona or Idaho, homes typically have lower premiums. In addition, you will pay more for homeowners insurance if you reside in a region prone to natural disasters like hurricanes, tornadoes, or wildfires. Finally, expect to pay higher insurance premiums if you live in a place with a high crime rate.

Your credit-based insurance score: To assess how risky you are to insure, insurers will also perform their version of a credit check. You will be viewed as a lower insurance risk if you have a good credit score. According to statistics, homeowners with poor credit scores are more likely to submit insurance claims. Therefore, your insurance rates will be lower the less likely you are to file claims.

Age of your home: A newer home costs less to insure because you are less likely to file a claim than an older one with outdated appliances and home systems.

Features in your home: Your home insurance rates may lower if you install home security systems, fire sprinklers, impact-resistant garage doors and windows, water-leak sensors, and other preventative features. Improving your home's security and lowering your risk of storm damage or theft decreases the cost of your policy.

Home's replacement cost: The cost of replacing your home with similar-quality and type construction materials is known as the replacement cost. The rebuild value or replacement cost of your house depends on various factors.

• Age
• Square feet
• Structural design
• Total number of rooms
• The cost of rebuilding in your area

Your home's market worth, or how much it sells on the real estate market, is not the same as the replacement cost. Instead, the amount of dwelling coverage you require will depend on the rebuild cost of your home, which will determine the cost of your insurance premiums.

Age and condition of your roof: Your insurance premiums will be affected by your roof's age and condition. A recent roof is more likely to safeguard your house from risks than an older one. So, insurance companies frequently offer policy discounts if your roof is less than a precise age or is made of stronger roofing materials. On the other hand, you'll probably pay a higher premium if your roof is in poor condition or is older than 10-15 years.

Closeness to a local fire station and fire hydrants: Your ZIP code and the distance between your home and a fire station or hydrant (less than 100 feet) may result in lower charges.

Your claim history: Although submitting one or two claims for 3-5 shouldn't significantly affect your premiums, be cautious when doing so. It is because a history of frequent claims will raise serious concerns in the eyes of your insurer. Particularly, theft, water damage, and dog attack claims can significantly affect your policy costs.

Optional coverage types and levels you choose: Dwelling coverage protects the physical structure of your house. Your premium may change if you get this coverage at actual l cash value instead of replacement cost value. Also, choosing additional coverages will increase your home insurance premiums.

The company you choose: All major and regional insurance companies provide home insurance policies. Small insurers can offer you a policy at a lower rate. But, the cost of home insurance policies from major insurers may be higher. But you can always lower it by using the insurer's discounts. Always compare quotes from multiple insurers to find cheap homeowners insurance.

The deductible you choose: Your policy deductible amount is another factor that directly impacts your home insurance costs. Your policy deductible is the cost you must pay out of pocket before your insurance company will cover the remaining loss cost when you file a claim. Simply put, your insurance premiums will be lower the larger your policy deductible is.

How to lower your home insurance rates

• Avoid filing claims if you can: Even when something very unimportant occurs, submitting a claim to your insurer may be tempting. However, you might be better off in the long run if you pay for these modest charges on your own. In addition, some insurers will offer a discount if you go without filing a claim for several years.
• Check your discounts: Always check for the discounts that your insurer offer. They are some unknown discounts that you might be qualified for. For instance, using paperless billing, opting for automatic bank payments, or not having a smoker in your house qualifies you for discounts.
• Evaluate your endorsements: You can add extra coverage to your home insurance policy to cover risks and causes of loss that aren't typically covered. Additionally, endorsements can raise your coverage limits for costly things such as jewelry, electronics, and fine art. Standard home insurance policies don't offer much coverage for these. These also offer protection in case of theft, earthquake, or flood. Your premiums may go up if you buy an endorsement, but its added security can be worth it.

What to expect when applying for cheap homeowners insurance

Review your quotes for accuracy: Always get quotes from multiple insurers. Compare the quotes to find out the cheapest homeowners insurance policy.

Utilize discounts: Always use the discounts that your insurer offer. Using those will significantly lower your home insurance premiums.

Ensure the quotes meet or exceed mortgage requirements: When getting quotes from the insurers, ensure that they satisfy or exceed mortgage lenders' requirements.

Eligibility requirements for cheap homeowners insurance

Clean claims record: It is better not to file frequent claims for damages to your home.

Low-risk level: Insurers will consider you a low-risk if you have a good credit score.

Proper home maintenance: Always do proper maintenance for your home so that it won't get much damage due to mold, sewer backup, or other factors. In this way, you can get cheap homeowners insurance.

How to get cheap homeowners insurance with Way.com

A homeowner's focus will be finding the cheapest home insurance policy. Using the discounts the insurer offers is one way by which you obtain a cheap home insurance policy. What else can get you one such? That's where Way.com becomes your best buddy!

Use our app or website to find the cheapest home insurance policy. You can get quotes from many insurers, compare them, and buy the one with the cheapest quote. Do you need additional help? Our home insurance agents can help you! They will help you understand the most complex home insurance rules, terms, discounts, and coverages. So, get in touch with our home insurance agents in your area to buy a cheap homeowners insurance policy.