---
title: "How can self-storage owners lower their property insurance costs?"
description: "**Short answer:** Insurance has risen faster than any other storage expense. Ideas Mark took from insurance specialist Terry Campbell: consider a master policy if you own several facilities, upgrade security, use an agent who understands self-storage, insure at a realistic…"
url: "https://creatingwealththroughselfstorage.com/docs/lower-self-storage-property-insurance-costs/"
updated: "2026-10-16"
category: "Operations & Management"
---

# How can self-storage owners lower their property insurance costs?

**Short answer:** Insurance has risen faster than any other storage expense. Ideas Mark took from insurance specialist Terry Campbell: consider a master policy if you own several facilities, upgrade security, use an agent who understands self-storage, insure at a realistic value, require tenant insurance, and reduce liability risks, which drive the biggest claims.

## Ways to keep premiums down

- **Master policy.** Owners with more than one facility, especially in different regions, can explore a single master policy. Carriers like the spread of risk and often quote lower rates.
- **Security features.** Fencing, gates, cameras, code-entry doors on interior hallways and smart locks can all help. Consider insurance when renovating or opening a facility.
- **The right agent.** An agent who doesn’t understand storage can lead you to over-insure, or you may be under-insured if you still carry the value from when you built years ago. Keep insured values in line with current construction costs.
- **One agent, competitive bids.** Campbell’s (counterintuitive) suggestion: have one good agent take your account to market and get carriers to rebid against each other, rather than many agents approaching the same carriers.
- **Tenant insurance.** Carriers see it as another layer of protection.
- **Safety.** The biggest claims are liability, not weather. Keep gutters clear so water doesn’t back up into units, keep sidewalks even and salted in winter, walk screw-down roofs and replace bad screws at least twice a year, and watch for hazards.

Talk with a licensed insurance professional about what fits your facilities.

## Related answers

- [What insurance riders and deductibles should self-storage owners consider?](/docs/insurance-riders-and-deductibles-self-storage/)
- [Should self-storage facilities make tenant insurance mandatory?](/docs/mandatory-tenant-insurance/)
- [How can self-storage owners control operating expenses?](/docs/control-self-storage-operating-expenses/)

**Source:** Mark’s post [Insurance Shock: How Self-Storage Owners Can Fight Back in 2026](/insurance-shock-how-self-storage-owners-can-fight-back-in-2026/)

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