If you own a home, you know that you probably already maintain a homeowner’s insurance policy. Over the past few years, the cost of this insurance has soared. Wildfires, hurricanes, floods, and other natural disasters have caused insurance companies to dramatically increase premiums. But there are ways to try and mitigate these increases. Here are a few tips to employ in an effort to lower your costs.

• Shop Around – It may sound simple, but taking the time to get some competitive quotes can save you money. Many companies will lower costs to attract new customers.

• Increase Deductibles – If you can afford it, increase the deductible for all your policies. Consider what you can afford to pay out-of-pocket in the event of a claim.

• Check for Discounts – Speak with your insurance provider to learn about available discounts. Common discounts include discounts for improved home security or fire detection. Long-term policyholders and senior citizens may also qualify for a discount. Home improvements can also help, such as a new roof or fire-repellent landscaping.

• Improve your Credit – It may seem strange, but poor credit can affect your home insurance costs. Credit scores reflect your financial security and good credit reduces risk to insurers.

• Bundle Policies – Do not overlook the value of using one provider for all policies. Combining a home with an auto or other policy can save you hundreds of dollars on all policies.

Prices are going up on everything. While you may be able to cut out movie nights or weekend getaways, insurance is typically an essential part of your financial health. It is a good idea to spend some time ensuring you are getting the most for your money by following these tips.