If you want to reduce your quote, you should shop around and compare deals, rather than letting your policy auto-renew each year.If you are happy with your current provider, but you still want to know if there is a way to reduce the cost of your premium, you should do the following.Talk to your insurer about raising your excess. But don’t increase it so much that you won’t be able to pay if you need to make a claim.Improve your security by changing the locks on doors and windows or putting up a surveillance camera.Avoid high-risk renters like students as insurance providers may not consider higher-risk individuals.Make maintenance your number one priority. If you look after your buy-to-let property, you’re less likely to make a claim. This reduces the amount you’ll pay as your insurer will be less likely to have to pay out for damage caused by wear and tear.Make annual payments as you may have been paying interest on monthly payments without realising.No pets! Allowing your renters to keep their furry friends in your property could raise your premium.Buy your policy online. Insurers know you want to buy a policy to be quick and easy, so most offer online-only discounts if you take out cover via their website.