Add features to make your home safer: If you're looking for ways to reduce your homeowners insurance premiums, think about ways you could improve the safety of your home. Adding any of the following safety features to your home could qualify you for a homeowners insurance discount: Smoke detectors Deadbolt locks Fire extinguishers Storm shutters Security system Sprinkler system New or reinforced roof Bundle your insurance policies: You may also be able to save on homeowners insurance by bundling your home and auto insurance policies together.  Raise your deductible: Finally, raising your deductible could reduce your premiums. But make sure that you don't set a premium that's higher than you'd be able to pay without going into debt. And know that if you have a mortgage on your home, your lender may require that your deductible stays below a certain limit. Shop around: The last variable that can impact the price you pay for home insurance is the company you choose. Premiums can vary widely by insurance company. So one of the best ways to save on homeowners insurance could be simply to make sure that you shop around before choosing an insurance provider. Aim to get at least three to five quotes before choosing a home insurer. Or, to save time, you could use an online homeowners insurance shopping tool like Policygenius to compare dozens of insurance companies at once.