Older homes tend to need more maintenance and are less energy efficient. Sometimes they are also bigger fire hazards. If your home is older, insurance companies may view it as a hazard. One of the best ways to save on insurance is to make updates and repairs.
Updating your home and fixing any outstanding problems will help your home insurance company view your home in a better light. This may translate into lower premiums once you finish the upgrades. Good home improvement projects include installing an HVAC system, replacing the roof, upgrading insulation and changing out old plumbing.
Your insurance company may also be able to make suggestions. Be sure to ask what home improvements may result in lower premiums before tackling any.
