 TITLE: 9 Ways to Save Money on Homeowners Insurance CONTENT: 2\\. File Claims Judiciously\n---------------------------\nWhen setting your premium rates, home insurance companies review all the insurance claims filed on your home in the past seven years. If you've made a lot of claims, they'll consider you more likely to file claims in the future—and may increase your rates accordingly. Before filing a claim, carefully consider the cost of the loss or repair, as well as your deductible. For instance, if you file a claim for $1,500 worth of repairs to your roof when you have a $1,000 deductible, insurance will cover only $500, and you'll have a claim on your record. In the long run, paying for the repairs yourself instead of filing a claim could keep your premiums down. END