You may not know this, but there are things you can do that can help you save a lot of money on your homeowner’s insurance. Here are some tips on how to get discounts and otherwise save when insuring your home.
Home security is an important way to save money on your insurance. The more secure your home is – with deadbolt locks, smoke detectors, burglar alarm systems, etc. – the less your insurance should cost.
You should strongly consider buying all your insurance needs from one insurer to earn a discount. But first you have to make sure the discount is steep enough that it’s worth it.
The third thing you can do to help save on your homeowner’s insurance is to look into raising your deductible. The deductible is the amount of money you must spend out of pocket before your insurance policy’s coverage begins. If you do not make a claim against your homeowner’s insurance for several years, you can reap a lot of savings on premiums this way.
It never hurts to be up front and ask if you qualify for any discounts from your insurance company. Often they’re willing to help you, particularly if you’re a longtime client.
Last of all, always compare quotes to be certain you’re getting the best rates on your homeowner’s insurance. There are quote comparison websites that can help you do this easily. Compare several companies’ quotes and coverage, not just two or three. The rates can vary quite a bit, and you want to be sure you’re getting the best deal that you can.