If you’re like most people, reviewing an insurance policy is the last thing you want to do.

And when policies automatically renew each year, it can be so easy to continue on auto pilot.

However, how you live in your home and what possessions you own can change from year to year and your policy should reflect these changes.

Before you sign off on that annual renewal, make sure you are fully covered for your current situation while also assessing money saving opportunities.

Here are some quick tips every homeowner should know about:

Shop around. Quotes on homeowner’s insurance can vary by hundreds of dollars for the same coverage on the same home. Get at least three quotes and make sure each insurer is offering the same coverage. It’s not always apples to apples. And that includes shopping with your current insurer — sometimes you can even save money by buying a completely new policy with them.

Stay with the same insurer. If you’ve kept your coverage with a company for several years, you may receive a special discount for being a long-term policyholder. Some insurers will reduce their premiums by 5 percent if you stay with them for three to five years and by 10 percent if you remain a policyholder for six years or more.

BUT … don’t get lulled into thinking it’s always a good deal (see above). Periodically compare this price with that of other insurers (and remember even shop for a new policy with your current insurer!)

Buy home and auto policies from the same insurer. Some companies that sell homeowners, auto and liability coverage will take 5 to 15 percent off your premium if you buy two or more policies from them.

Raise your deductible. If you can afford to raise your deductible to $1,000 from $500, you may save as much as 25% on your annual premium. Avoid making claims under $1,000 so that your rates don’t rise.  But, just remember you’ll pay more out of pocket if you ever need to make a claim.

Improve your home’s security and safety. Install a smoke detector, burglar alarm or dead-bolt locks and you may save at least 5 percent. Some companies may cut your premium by as much as 15 or 20 percent if you install a sophisticated sprinkler system and a fire and burglar alarm that alerts the police, fire department, or other monitoring stations.

These systems aren’t cheap and not every system qualifies for a discount, so check with your insurer first. Even Smart Home devices, such as a programmable thermostat, could be considered for a discount since it could help prevent frozen pipes. Ask you insurer about any products or services that may qualify.

Maintain a good credit record. Insurers are increasingly using credit information to price homeowner insurance policies. In most states, your insurer must advise you of any adverse action, such as a higher rate, at which time you should verify the accuracy of the information.

Review the limits in your policy and the value of your possessions at least once a year. You want your policy to cover any major purchases or additions to your home. But you don’t want to spend money for coverage you don’t need anymore. Some items depreciate over time so review your policy annually to ensure you don’t have too much coverage.

Don’t forget to review the riders on any special items such as jewelry, artwork, electronics, or other high-dollar items.

Look into group membership discounts. Are you an AAA member, in the military or belong to an alumni organization? You may be eligible for membership discounts with your insurance company. It’s worth asking about any discounts when renewing. It can be a benefit of being a member in a professional group, a trade organization, or a non-profit association.

Look into water and gas leak sensors. Insurance companies may lower your bill because these devices can alert you to issues before there’s major damage. This new generation of home sensors can alert you if there is moisture or a gas leak in your home and many can be self-installed.  Active water detectors can even shut off the water source!

Consider not insuring the land. Homes can be damaged in fires, floods, and other mishaps, but there’s not much that can go wrong with land. If you’re looking to save money, consider purchasing only enough insurance to cover the value of your home and let the land take care of itself. This strategy may not be applicable to those who farm or are concerned with land slides or sinkholes.

Give up smoking. Insurance costs more for smokers because of an increased risk of fire-related claims. If you smoke, and are serious about lowering your bill, consider quitting. If you were a smoker when you took out the policy but have recently quit, let your insurer know.

Make payments electronically. Many companies now charge for mailed payments, so have your payments automatically deducted to shave that cost.

Reconsider a pool or hot tub. These may or may not impact your premium depending on where you live so talk to your agent before you get one. If you already have one, discuss the measures necessary to decrease any risk.

Double check dog breed/obedience training. Certain breeds will either cause your insurance company to cancel coverage or increase your insurance rate. So you might want to find out which breeds affect insurance rates before you get a dog. If your dog attends obedience training, let your agent know and it can mitigate any increases.

Here’s another must-do tip:  This one may not save you money on your policy, but it could help you substantiate a claim! When you start to review your current policy, it’s also a good time to take photos and take stock of the items in your home. That way you’ll be prepared and have proof if you ever need to make a claim. This is especially important if you have some unique or expensive items.

Last but not least, I am always here to help, but this article is a conversation guide and should not take the place of advice from your licensed insurance provider. They can make sure you have the right coverage for your particular situation.