How can you reduce your insurance premium?
The price of your policy is based on a number of factors, including:

Property value: This is based on the square footage of your home and any additional structures, the value of comparable homes in your area, construction materials used, and the condition of major systems like plumbing, HVAC, and electrical.

Deductible: In general, the higher your deductible, the lower your premium.

Location: Is your home located in a safe area with regard to crime? Is the area subject to natural disasters, such as hurricanes? How close is your home to a fire hydrant and to a fire station?

Safety features: If your home has a burglar alarm system, a sprinkler system, or other safety features, your premium will be lower.

Credit rating: Insurers place a value on your good credit rating when determining the price of your policy.

Past insurance history: Insurers are interested in your past insurance history. The more claims you have filed, the more concerned an insurer might be.

Source: militaryfinance.umuc.edu