Be loyal to your insurance company
Insurance companies want you to remain a customer for as long as possible, which is why loyalty can pay off with cheap home insurance.
Lemons says longtime Nationwide customers can save anywhere from 5 percent to 10 percent. "It varies, but it's usually between three to five years before you start to see discounts for loyalty kick in," he says.
According to Wilson, most insurance carriers offer some form of loyalty discount, typically in the 5 percent to 10 percent range. "Insurers make money keeping a customer several years," he says. "It's worth it for them to give a credit."
With some insurers, loyalty alone won't yield savings. You might also need to stay claims-free or maintain multiple policies with the company. For instance, Farm Bureau Financial Services offers a renewal price break, though only if you bundle home, car and other coverage.