The average cost of homeowners insurance in Biloxi, MS, is $1423. Your home is likely your most valuable asset, so it’s important to protect it with proper insurance. Homeowners insurance can help cover the cost of repairs or rebuilding if your home is damaged by fire, wind, hail, water damage, theft, or other covered events. It can also help cover the cost of medical bills and legal fees if someone is injured on your property. While homeowners insurance is essential, it can also be expensive. The cost of your premium will depend on several factors, including the value of your home, the amount of coverage you need, and the deductible you choose.

Here are a few factors to take into account when looking for homeowners insurance in Biloxi, Mississippi.

By Choosing a Higher Deductible

One way to reduce the cost of homeowners insurance is to choose a higher deductible. A deductible is an amount you must pay out of pocket before your insurance policy kicks in. Choosing a higher deductible will lower your monthly premium, but you will be responsible for more money out of pocket if something happens to your home. Make sure you have enough savings to cover the deductible if you need to make a claim. In Biloxi, MS, homeowners with deductibles of 1500 and 2000 pay $1197 and $1087 in premiums, respectively. However, homeowners who pay a 500 or 1000 dollar deductible pay $1406 and $1272, respectively. As a result, Therefore, the higher the deductible, the lower the premium in Biloxi, MS.

See the table below to learn how much homeowners in Biloxi, Mississippi, have paid for various deductibles.

By Choosing Multi-Policy Insurance

Multi-policy insurance plans are often cheaper than buying separate policies for each type of coverage. This is because insurance companies offer discounts for customers who bundle their policies. In addition, having both homeowners and auto insurance with the same company can make it easier to manage your coverage and make claims. Homeowners in Biloxi can get insurance for $1195 after bundling.

By Installing Security Features

Installing security features is just one way to lower your homeowners insurance costs. Security features can include things like security alarms, security cameras, and deadbolt locks. These features deter burglars and help to keep your home and belongings safe. As a result, your homeowners insurance company may offer you a discount on your premium. In Biloxi, MS, homeowners that install security measures like deadbolts and smoke alarms pay $1309 in premiums. In Biloxi, MS, homeowners with sprinkler and fire alarm systems pay $1280 and $1294 for homeowners insurance.