Several strategies can reduce your flood insurance costs. Elevating your home above the Base Flood Elevation (BFE) is the most impactful, potentially saving hundreds annually. Installing flood vents in enclosed areas below the lowest floor, improving drainage around your property, and filling in basements can also lower premiums. Additionally, obtaining an Elevation Certificate can demonstrate that your property sits higher than flood maps suggest, which may reduce your rate.
Your community’s participation in FEMA’s Community Rating System (CRS) can earn you discounts of 5-45% on NFIP premiums based on local floodplain management efforts. Shopping around between NFIP and private insurers is also essential—private coverage is sometimes significantly cheaper for the same property. Contact Bridgeway Insurance to explore all available options and find the most competitive rate for your property.
