Home Insurance Savings Tips
Shop around. Premiums can vary by hundreds of dollars. But the lowest cost isn't always the best value. You want to make sure it is a fair price and the company has a reputation for good customer service and claims service.
Set higher deductibles to lower your premiums.
Most companies offer discounts for smoke detectors, burglar alarms, third-party alarm monitoring systems, dead bolts, fire extinguishers, Neighborhood Watch programs.
Earn “multiple coverage” discounts by using one carrier for all or at least most of your insurance needs.
Premiums will be higher if fire stations and fire hydrants are too far away.
Going without a claim for three to five years may warrant a discount. Most companies reward longevity of service. Some companies offer discounts if you’ve paid off the mortgage.
Discounts often apply if your home was built or rebuilt within the past 10-15 years. New roofing can earn you a discount too.
Check out non-smoker, early retirement, and live-in-housekeeper discounts. Your home may be less susceptible to theft if someone is there a larger amount of the time.
Keep your credit rating up because insurance companies often base their premiums on credit score.