 TITLE: 9 Ways to Save Money on Homeowners Insurance CONTENT: 1\\. Raise Your Deductible\n-------------------------\nWhenever you file an insurance claim, you'll have to pay a certain amount out of pocket before your insurance coverage kicks in. This is called the _deductible_, and homeowners policies generally have a minimum deductible of $500 or $1,000. Increasing your deductible can lower your premiums, but you should only do so if you have enough savings to handle the higher deductible if necessary. END