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Tools Needed: Wrench. Foam insulation sheet. Insulate faucet cover (optional). Rope. Directions: 1  Make sure the outside faucet is turned off before you begin. 2  Remove all water hoses and drain them. 3  Coil hoses and store them in your garage. 4  Shut off the water valve that feeds water to the outside faucets.nsulate faucet cover (optional). Rope. Directions: 1  Make sure the outside faucet is turned off before you begin. 2  Remove all water hoses and drain them. 3  Coil hoses and store them in your garage. 4  Shut off the water valve that feeds water to the outside faucets.
Save money: protect your outside faucets from freezing during the winter months. If you donât want to pay an additional $150 to $300 for a plumber to repair the outdoor faucet, be sure you remove the hose at the end of the summer. Otherwise, water that hasnât drained can cause the spigot to freeze.