Save Money on Homeowners Insurance
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Considering switching insurance carriers? Looking to save money on your homeowners insurance? It’s best to start researching new options about 45 days before your current policy expires.
Take a copy of your current policy to an independent agent’s office to ensure an “apples-to-apples” comparison.
How to Save Money on Homeowners Insurance:
- Be sure to list updates to your property, such as electrical, heating, roofing and plumbing. Then take this list to your agent’s office. This information may qualify you for preferred — that is, less expensive — coverage.
- Installing safety devices such as smoke detectors, fire extinguishers, dead-bolt locks, burglar alarms, etc. will often qualify you for a safety discount. Be sure to mention these items to your agent when you request a quote.
- You can often qualify for a discount/credit if your property is close to a fire department or fire hydrant.
- Is your home is less than 10 years old? You may be eligible for a discount!
- To lower your premium payments, consider a higher deductible if you can afford to pay more out of your own pocket in the case of a loss.
- Ask about renewal discounts, which encourage you to continue your policy with the same company.
- Place your homeowners and automobile policies with the same insurance company, and you’ll often qualify for a multiple policy or account credit discount.
