Step 1: Master the Basics First

Before diving into the lesser-known tricks, let’s make sure you’re not missing the low-hanging fruit. You’ve probably heard these a million times before, but keeping them in check can save you anywhere from 5-25% right off the bat. Think of it as a quick win before you dive into the more complex stuff.

• Bundle Up: Combining your home and auto policies with the same provider is one of the fastest ways to snag a discount. Insurers offer bundled policies at lower rates because they want to keep your business across multiple products. Plus, handling one insurer instead of two makes managing your policies easier. Always ask your provider if bundling could save you more than your current setup.
• Raise Your Deductible: If you’re okay with shouldering a bit more out-of-pocket in the event of a claim, raising your deductible can really lower your monthly premium. For instance, doubling your auto deductible from $500 to $1,000 could give you noticeable annual savings. Just make sure you’ve set aside enough in case you need to file a claim.
• Maintain Good Credit: Insurers often look at your credit score when setting premiums because a good credit history shows you’re on top of your finances. Keep yours in good shape by paying bills on time and checking your credit regularly. A solid score could mean lower rates.

RELATED: 12 Easy Ways to Save on Auto Insurance

Step 2: The Secret Savings Strategies

When it comes to insurance, it’s all about lowering your risk. The less risk an insurer sees, the more likely they are to offer you a discount. Sounds simple, right?

But what exactly does lowering your risk look like in real life? It can be everything from keeping your driving habits in check to making improvements around your home. Insurers love anything that reduces the likelihood of a claim because, at the end of the day, that means they’re less likely to pay out. And when your risk is lower, they reward you with lower premiums. Let’s take a look at some of the savings strategies that can help you do just that.

• Telematics Discounts: Also known as Usage-Based Insurance (UBI), many insurers offer programs that reward safe driving through apps or plug-in devices that track habits. If you drive carefully, avoid hard braking, and stay within speed limits, you could see significant savings over time. Some programs even provide an initial discount just for signing up!
• Loyalty Rewards: Sticking with the same insurer for a few years can unlock loyalty discounts. While shopping around is smart, some insurers reward long-term clients with lower premiums. Check with your provider to see if you’re eligible for any loyalty perks.
• Green Car Perks: If you drive a hybrid or electric vehicle, you may qualify for lower rates. These cars often have advanced safety features, and insurers recognize the reduced risk. Additionally, some providers offer special eco-friendly discounts for policyholders driving fuel-efficient vehicles.
• Gated Community Discounts: Living in a secured neighbourhood often means a lower risk of theft—and lower premiums for you. If you’re in a condo or HOA with 24/7 security, check if you qualify.
• Renovation Savings: Upgrading your home’s wiring, plumbing, or roof could reduce your rates by decreasing risks of damage. A new roof, for example, lowers the risk of leaks and weather-related claims, which insurers love. But beyond savings, updating your policy after major home improvements is just good practice. If you don’t, your new upgrades might not be covered, leaving you on the hook for repairs or replacements. Always notify your insurer after major home improvements to ensure your coverage reflects the true value of your home.
• Non-Smoker Discount: Homeowners who don’t smoke may qualify for lower insurance rates since smoking increases the risk of house fires. By maintaining a smoke-free home, you could reduce your premium.

RELATED: 17 Home Insurance Discounts You Haven’t Heard Of

Step 3: Think Like a Broker

Try looking at your insurance the way a broker would. If you asked, “How can I save more on my insurance?” they’d tell you it’s not just about price—it’s about keeping your coverage fresh and making sure your risk profile is always up-to-date. Insurers are constantly adjusting their rates based on new information and trends, so taking the time to review your policy regularly can make a big difference. Let’s break it down:

• Market Checkups: Insurance rates aren’t set in stone—they change, and they can change a lot. Shopping around or asking your broker to reassess your coverage annually can unlock better deals. New insurers, updated risk models, and shifting market trends all mean there might be a lower rate out there for you.
• Mind the Details: Recently upgraded your home security system? Started working remotely full-time? Insurers reward lifestyle changes that reduce risk—but only if you let them know. Something as simple as adding a smart lock or a security camera can make a difference in your premium.
• Membership Perks: Belong to a professional association, alumni group, or trade union? You may qualify for exclusive group rates. Many organizations have special agreements with insurers that can lead to significant discounts. For example, as a member of a participating professional association or affinity group, you can get up to 20% off standard market rates for Home & Auto Insurance through PROLINK. Check our associations page to see if you’re eligible.

RELATED: Why You Should Still Shop Around for Home & Auto Insurance—Even if You’re Already Getting a Good Deal

Step 4: Avoid Common Mistakes That Cost You Money

Sometimes, the best savings strategy is knowing what not to do. Some simple mistakes can cause your premiums to skyrocket or leave you vulnerable when you need coverage most. And the best part? These mistakes are easily avoidable with a little awareness and some strategic thinking. Here’s a rundown of common traps many policyholders fall into and how you can steer clear of them to protect both your wallet and your peace of mind.

• Claim Wisely: Filing small claims can increase your premiums over time. For minor repairs, consider paying out of pocket. Frequent claims can mark you as high risk, leading to higher rates or even policy cancellations.
• Don’t Overinsure: Assess the true value of your belongings. You don’t need to insure your home for the market price—only for what it would cost to rebuild. Many people mistakenly overestimate the coverage they need, driving up their premiums unnecessarily.
• Skip the Gaps: On the flip side, make sure you’re not underinsured. Missing key coverage, like flood protection or comprehensive auto, could cost you thousands later. A small additional coverage premium can save you from financial disaster down the line.

RELATED: 7 Costly Home & Auto Insurance Mistakes—and How to Avoid Them

Step 5: Partner With a Broker

Shopping for insurance can be overwhelming. With so many providers, policies, and fine print to sort through, it’s tough to know if you’re getting the right coverage at the best price. That’s where an insurance broker comes in. Instead of searching on your own, a broker does the heavy lifting—comparing quotes, uncovering discounts, and ensuring you’re fully covered.

At PROLINK, we take it a step further. With over 40 years of experience and a wide network of insurance companies, we know exactly where to look for savings, how to spot coverage gaps, and what questions to ask to get you the best protection for your needs.

Our team of expert consultants will help:

• Compare rates across multiple insurers to find the best fit for you;
• Discover discounts that aren’t always advertised;
• Make sure you’re not overpaying—or underinsured;
• Support you if you ever need to file a claim;
• Answer any insurance questions you may have;
• And more!Think of us as your personal insurance guide, helping you navigate the fine print and find real value—not just a lower price.

RELATED: 5 Advantages of Using an Independent Insurance Broker