We all want to get the best rates possible when it comes to our insurance needs. Following a few simple steps can help you save money on your homeowners insurance.
Maintain Good Credit
This should go without saying, regardless of what kind of insurance you’re purchasing. Insurers often use your credit information to determine rates. The better your credit, the lower your rates will usually be. Simple things such as paying all bills on time and keeping credit balances as low as possible help maintain a good credit score.
Bundle Your Policies
Some insurance companies will offer discounts if you purchase all your insurance needs from them. Buying homeowners and auto insurance from the same company is not only convenient but it will usually save you money.
Improve Home Security
You may be able to get deductibles by simply making your home safer. Installing smoke detectors, deadbolt locks, or even a burglar alarm can lower the cost of your homeowners insurance. Since alarms can be expensive make sure to ask your agent what kind of systems might qualify for a discount.
Protect Against Natural Disasters
Earthquakes and floods can happen almost anywhere, causing a great amount of damage to homes. Everything from adding storm shutters to improving the quality of your roof may qualify you for a discount.
Raise Your Deductible
Most companies will recommend a deductible of $500. If you can afford to raise that to a $1000 you could save quite a bit on the premium. The higher you’ll be able to go on the deductible, the more money you’ll save on your rates.