Factors that can affect a property’s value include: location size and style of the property number of bedrooms and bathrooms property’s age proximity to public transportation and schools any modifications or upgrades made to the property Home insurance can be a costly investment, but you can take steps to reduce the cost. You can reduce the cost of your home insurance by following these suggestions:One of the most effective strategies is getting multiple quotes from different providers. This will allow you to pick and choose the coverage that best fits your needs and budget.You may not even think to ask for discounts when looking at insurance quotes, but you may be entitled to some. This is especially true if you bundle your auto insurance with your homeowners insurance policy.You can take several steps to reduce the cost of your home insurance, such as shopping around for better rates or checking out different kinds of coverage.A deductible is an amount you have to pay out-of-pocket before your insurance company pays anything towards your claim. Policies with a higher deductible typically offer lower premiums.