Searching for a new home can be exciting, but a little intimidating as well. The purchase of a home represents a significant financial responsibility, so finding ways to save when it comes to monthly expenses can be beneficial. Shaving money off your home insurance premiums is simple if you take the time to look for some basic features in a home before placing an offer.

Here are three features to watch for when house hunting that could reduce your home insurance premiums in the future.

1. An Updated Electrical System

Having a knowledgeable home inspector accompany you on a walk-through before placing an offer on a home can be helpful when it comes to identifying electrical problems. In 2011 alone, an estimated 47,700 home fires were caused by electrical failures. Outdated electrical systems can short out easily, creating sparks that could cause a fire.

If the home you purchase has an updated electrical system, a home insurance company will acknowledge this safety improvement by lowering monthly premiums to match the lowered risk of an electrical fire.

2. A Security System

As you look for a potential home, be sure that you are watching for security signs near the front entry. Homes that are equipped with a security system can not only provide you with the safety you want for your family, but the insurance premiums for a home with a security system can be lower.

Insurance companies recognize that the potential for a home invasion is reduced on properties where security systems are installed. In fact, research shows that the majority of criminals will avoid a home with a security system, or flee as soon as an alarm sounds. If you want to reduce the amount of money you pay out in insurance premiums each month, be sure to invest in a home with a security system.

3. Storm Shutters

If you live in an area where inclement weather is a common occurrence, then finding a home with storm shutters installed could be the key to reducing your home insurance premiums. Storm shutters are designed to protect your windows from shattering during severe weather, and they can protect your belongings from being damaged by the rain or snow that comes through a shattered window.

Storm shutters can reduce the number of insurance claims you file each year, which gives home insurance companies the ability to discount insurance premiums to reflect the added protection storm shutters provide.

When investing in the purchase of a new home, take the time to look for features that could help you reduce your home insurance premiums. An updated electrical system, security system, and storm shutters could all contribute to savings on your monthly home insurance costs in the future. For more information, contact a company like United Security Agency.