With spring on the horizon, you’re probably getting ready for spring cleaning and all home projects that were paused during the winter months. But have you considered cleaning up your current insurance policies as well?

Several studies show that a majority of homes are currently undervalued, with around 2 out of 3 homes not having the right amount of insurance. In fact, on average, many homeowners only have enough coverage to rebuild 81% of their homes. If ever your home is damaged, the effects could be financially devastating. Not to mention, you would often have to deal with being unable to use a part of your home for a significant amount of time.

This spring, weigh your options and review your insurance policies to make sure your coverage is enough to fit your current needs. One other benefit is that you might even get lower premiums!

Take a look at some tips you can follow to reduce your homeowners insurance premiums:

Make Home Improvements

Adding features such as a security system, smoke detectors, and other similar items can help to lower premiums. Another option is to either upgrade or replace your current heating and electrical system.

Raise Your Deductible

If possible, think about raising your deductible. Getting a higher deductible can often result in lower premiums.

Avoid Making Unnecessary Claims

Filing claims for regular maintenance work or minor home damage often results in higher premiums.

Spring cleaning isn’t just for your home insurance premiums! Here are some suggestions on how to reduce your auto insurance premiums as well:

Consider Your Vehicle Usage

Some insurance companies tend to base their premium rates on the number of miles you drive from your home to work and vice versa.

Raise Your Deductible

Just like with home insurance, think about increasing your deductible on physical damage so you can lower your premiums. However, don’t forget to ensure that you have enough funds easily available to pay for the raised deductible if ever something should happen to your car.

Examine Your Need For Comprehensive Auto Coverage

Older vehicles may not need comprehensive and collision coverage. Think of your car’s value and age and whether or not you can fix it yourself if an incident should happen.