How to Save on Your Home Insurance

Jul 21, 2023
Categories: Home Insurance
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Everyday costs continue to rise in Waterloo Region and Ontario, making consumers eager to find savings in their household budget. As a local, independent insurance broker, we’re always looking out for more ways to assist our clients and today we’re sharing the top ways you could save on home insurance.

Also, check out our past blog: Top Ways To Save on Your Car Insurance

1) Bundle Your Policies with One Insurance Company
Do you have your home insurance with one insurer and your car with another? It may be time to combine your policies with one insurance company. Oftentimes there are savings to be had!

2) Increase Your Deductible
The deductible is the portion of a loss that you’re required to pay before the insurer covers the claim. Increasing your deductible will help lower your annual premium, but be sure that whatever deductible you choose is an affordable amount for you to pay in case of a loss.

3) Install a Water Detection Device
Some insurers offer a discount when a water detection device is installed in the basement to alert of a potential flood.

4) Install Burglar Deterrents
A monitored home security system and cameras not only provide peace of mind for your home, but it may also provide you with a discount on your home insurance premium.

5) Mortgage-free Discount
Some insurers offer a discount for not carrying a mortgage. If your mortgage is paid off, be sure to tell your broker so this discount can be applied.

6) Check Our Group Rate Program
Staebler Insurance offers home insurance discounts for employees of many companies throughout Waterloo Region and Southern Ontario. Visit to see if your organization qualifies or how your company can get a discount.

Not every example applies to every insurance company or situation, and everyone is different!  That’s why we tell our clients that the best advice is to contact your Staebler Broker to discuss your own unique situation to find an insurance solution that’s right for you.

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Staebler Insurance is a general insurance broker specializing in auto insurance, home insurance, small business, and commercial insurance. Staebler brokers proudly serve Kitchener, Waterloo, Cambridge, Guelph, Stratford, Listowel, Fergus, Elora, Wellington County, Perth County, Waterloo Region and southern Ontario. Click here to get started.


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