"These days, millions of Americans face significant insurance bills for many aspects of their lives, and the fact of the matter is that many are looking for ways to trim the fat, particularly when it comes to their more expensive policies. That might include home insurance coverage, so agents may want to do all they can to highlight the savings consumers can find before they begin exploring the other options that may be available to them. For example, insurance agents might want to let potentially discomfited consumers know that they can reduce their premiums - possibly by significant amounts - by choosing instead to increase their deductibles, according to a report from CBS Moneywatch. The larger the increase in deductibles, the greater the savings consumers will typically realize when it comes to their annual premiums, but that may also open them up to greater risk. Consumers who are wary of that issue - which can cost them significantly in the event that they have to make a claim as a result of a problem that arises over the course of the year - may want to opt for different kinds of savings, though, and that could include discounts offered by their policies, the report said. For example, many people may not know their policies allow them to reduce costs if they have basic safety equipment in their homes, such as smoke detectors or burglar alarms. The more precautions of this type that may exist in a home, the bigger such discounts could be. What else may be available to them? Finally, it's also important to educate consumers that if they were to purchase more than one type of insurance from an agent's company, they might be able to reduce their costs for both, the report said. Multi-line discounts could bring savings of between 10 and 15 percent for many types of coverage, and that may lead to hundreds or even thousands of dollars worth of savings over the course of the year, and may engender significant loyalty from policyholders as a consequence. Agents who do more to work with consumers as a means of finding ways they can reduce their insurance costs may be able to see more success in the market today. Simply put, plenty of data suggests that people are willing to switch policy providers for even relatively little savings, so giving them a reason to stay with their current one without altering their coverage can go a long way."