There’s always a possibility that you can lower your homeowner’s insurance costs. You only need to know what to do. You can’t just go to one insurer and close the deal. There are 9 ways that can help you lower down the cost. Here’s what you should know:
1. Shop Around – shopping around can take a bit of your time, but it could certainly save you a good amount of money. You can ask your friends or do your research online.
You may also want to contact the state insurance department, as they have the information to help you choose the right insurer in your state, including the complaints. The states will make the information available on usual rates being charged by many major insurers and the state will provide the consumer complaints frequency by the company.
2. Start raising your deductible – These deductibles are the sum of money you need to pay for a loss right before the company starts paying a claim. If you have a higher deductible, you can save more on your premiums. These days, most of the insurance companies endorse a deductible of about $500. If you can afford to raise your deductible to $1,000, you can surely save about 25%. Keep in mind, if you are living in a disaster-prone area, your insurance policy might have a dispersed deductible for certain types of damage. In case you live nearby the coast, you may have separate windstorm deductible, etc.
3. Get auto and home policies from the same insurer – companies will take about 15% off your premium if you buy two policies or more from them. Make sure that this combined price is, however, lower than the different coverage from other companies.
4. Disaster resistant home – If your home is a disaster-resistant one, you could surely save upon the premiums. If not, then you can add more storm shutters, reinforce your roof or buying stronger roofing materials.
5. Home security – home detectors, burglar alarm, bolt locks can enhance your home security and you’ll be able to get a 5% discount. So, if you want to lower your premium, securing your home is one of the ways to achieve that.
6. Look for more discounts – companies around are offering different types of discounts, yet they offer the same discount in all states. There are many different insurers around, call them, ask them everything you have in mind, look for more discounts that will benefit you and get them.
7. Good credit record – if you have a solid credit history, then you can cut your insurance cost. The insurers are using the homeowner’s credit information to price their insurance policies.
8. Stick with one insurer – there’s a long-term policyholder that you can help you receive a special discount, so make sure you stick with the same insurer only.
9. Check the policy limits and your possession values – you don’t want to spend money for the coverage of things that you don’t need. You might as well check your policy limits, see things that can be included in your policy and check the value of your possession to get discounts.
Take these tips mentioned above, apply them and get easily lower your homeowner's insurance costs./9-ways-to-lower-your-homeowners-insurance-costs//wp-content/uploads/2015/06/house-insurance.jpg/wp-content/uploads/2015/06/house-insurance-154x133.jpgInsurance