As a homeowner in Lake Oswego, you know your home is your biggest investment. That’s why it’s important to protect it with quality home insurance. A good home insurance policy will cover your home in the event of damage from fire, weather, theft, or other disasters. The average cost of homeowners insurance in Lake Oswego, OR, is $1303. Your premiums are determined by various factors by the home insurance carriers in Lake Oswego, Oregon. These include age, location, deductible, past claims history, kind of materials, and other home characteristics. Insurance companies also consider particular characteristics, such as a trampoline or swimming pool on the property, as well as prospective safety features to protect your home. Following a thorough investigation by VHome into the variables affecting the price of homeowners insurance, here are three suggestions for getting affordable homeowners insurance in Lake Oswego, OR.

Choose a Higher Deductible

Choosing a higher deductible on your home insurance policy can save you money on premiums in Lake Oswego, Oregon. A higher deductible means you will have to pay more out of pocket if you have a claim, but your premiums will be lower. This can be a good option for people with a good home insurance history who are not likely to file a claim. For instance, homeowners in Lake Oswego, Oregon, pay $1287 and $1096 for homeowners insurance when they select $500 and $1500 deductibles. But when their deductibles are $2000 and $2500, homeowners pay $995 and $935, respectively. As a result, homeowner's insurance premiums in Lake Oswego, OR, decrease the larger the deductible.

Install Security Features

Home insurance premiums in Lake Oswego, Oregon, can be lowered by adding security features to your home. Some simple security measures include installing deadbolt locks, security alarms and cameras. By taking these steps, you can deter would-be burglars and lower your risk of being a victim of crime. In addition, many insurance companies offer discounts for homes with these security features. So, not only can you help protect your home and belongings, but you can also save money on your insurance premiums. For instance, in Lake Oswego, Oregon, homes with deadbolts and fire extinguishers pay $1186 and $1160 for home insurance.

Maintain Zero Claims History

Maintaining a zero claims history is the best way to reduce the cost of home insurance in Lake Oswego, OR. Your claims history records all the claims you've made on your home insurance policy. Insurance companies use this information to determine how much of a risk you are to insure. The more claims you've made, the more likely you will file a claim. Insurance companies also use your claims history to determine your premium. For instance, in Lake Oswego, Oregon, homeowners who have never filed a claim must pay a premium of $1147. In contrast, homeowners in Lake Oswego, Oregon, must pay $1381 and $1485 for homeowners insurance when they have one or two claims.