Like car insurance, home and renters insurance prices can change at renewal without much explanation. Your coverage may also be out of step with your life. You might have added a security system, replaced an old roof, or sold valuable items that are still listed on the policy, and each of those details can matter.

Call your insurer or agent and ask them to review your policy with you. Ask about discounts for alarm systems, smoke detectors, a newer roof, or bundling with your auto policy. You can also ask how changing your deductible would affect your premium, keeping in mind that a higher deductible means paying more yourself if something goes wrong.

Be careful not to cut coverage you actually need just to lower the bill. Make sure your dwelling coverage reflects what it would cost to rebuild, not just what the home might sell for, and that your personal property limits still make sense. A licensed agent can help you weigh those tradeoffs.