Tips For Saving on Your Home Owners Insurance?

Answer 1

Saving on your home owners insurance is easier than you may think. All insurance companies offer a variety of discounts and other ways to save, you just have to know what to look for and what to ask. Here is a detailed list of some helpful tips to save you big on your home owners insurance.

Shop Around

This age old rule is still proven true. Never settle for your first offer, chances are you can find something better. Search several insurance companies to receive quotes and an outline of the policies so that you can make an informed decision.

Multiple Policy Discounts

Check with the company that provides your auto insurance as they may offer a multiple policy discount to you for adding home owners insurance to your current plan.

Home Security System

Adding a home security systems to deter and potentially prevent burglaries reducing your homes insurance risk. Units that offer a direct call to both the local and fire departments will carry an even deeper discount.

Raise Your Deductible

The higher the deductible you agree to the cheaper your monthly premiums will be. The average deductible is $500, however, if you can afford raising your deductible to $1000 can save you up to twenty-five percent each month.

Maintain a Good Credit Score

Establishing and maintaining a good credit score will save you a ton of money on just about everything and homeowners insurance is no exception. In some states the lower your credit score the higher the rate of your monthly insurance premium.

Group Coverage

If you are a member of a alumni or business association find out if your insurance company offers any discounts for membership. These are often un-publicized discounts available customers.

Consider Electronic Payments

Having your payments automatically drawn from your account can save you nearly sixty dollars a year, many insurance companies charge up to five dollars a month for mailed payments.

Before purchasing your home consider the cost of your homeowners insurance. The age of the home, construction, and geographical location are all large factors in the cost of homeowners insurance.