Can you raise your deductible? That is the amount of money you must pay before your insurance policy kicks in. Since insurance is meant to avoid terrible financial loss, why not absorb small losses yourself, saving anywhere from 12 to nearly 40 percent on some policies.

Have you purchased a home security system? Again, you could be in for lower premiums, depending on the type of system you installed.

Are the residents in your home nonsmokers? Some insurers offer to reduce premiums if a household does not smoke.

Have you stayed with one insurer for several years (the exact number is theirs to call)? If so, you may receive special consideration. Some insurance companies reduce their premiums by 5 percent if you are with them for three to five years, and they might give a 10 percent discount if you remain a customer for six years or more.

Are you about to retire? If so, you could get a break on premiums. Retirees are often charged less for homeowner's insurance because, it is assumed, they are home more often and apt to catch problems around the house before they blow up into full-scale catastrophes.

Do you qualify for a group rate? Some employers, alumni associations, and business groups have worked out a plan with an insurance company that brings employees or members competitive rates. Ask your company's personnel director or the director of your alumni or business association.

Do you buy your homeowner's insurance and car insurance from the same carrier? Some companies will offer you a 5–15 percent reduction in premiums on that two-policy package.

Did you know having a good credit history can lower your insurance costs? Many insurance companies are using credit information to price policies.