With prices going up everywhere, people want to find ways to save money and cut costs. Every year, Americans spend billions of dollars on home insurance. It doesn't take a genius to figure out that every homeowner needs insurance. Most people think of their home as their biggest asset.
Thousands of homeowners have found that getting a FREE home insurance quote has helped them in many ways. Many people are getting 25–30% off their policies as they learn more about what kind of home insurance is best for them. Here are some tips that might help you find the "perfect" insurance policy.
Make your deductible higher.
Policies have deductibles, just like auto insurance, and the same rule of thumb applies: get the highest deductible you can afford. Your insurance company will give you a credit for your premiums based on how high your deductible is. If you raise your deductible from $100 to $1000, you could save up to 25%.
Boost the safety of your home.
Most insurance companies offer discounts for things like smoke detectors, burglar alarms, dead bolts, fire extinguishers, and Neighborhood Watch Areas. Homes with fire and burglar alarms that are connected to a third-party monitoring company get bigger discounts than homes with local bell alarms.
Consolidate Policies
If you insure two or more cars with the same company, you can save between 10 and 15% on your premiums. If you get insurance for your home and your car at the same time, you can save another 10 to 15% on your premiums.
Type of Construction
Before you buy a house, you should think about how it was built, such as with a frame or concrete blocks and steel (CBS). Most of the time, it costs more to insure a house made mostly of wood than one made mostly of concrete.
Check the distance to fire stations and areas prone to windstorms.
If you live in the country, your insurance rates will probably be higher than if you lived in a city. Why? It's because your neighbourhood fire station is farther away. If you live more than 5 miles from the nearest fire station and more than 1,000 feet from a fire hydrant, you will probably pay a higher premium.
You might want to get quotes for both and flood insurance before you buy your home. Depending on where you live, your insurance company may not cover you for windstorms or floods. If you live in an area where hurricanes are common and your insurance covers windstorms, installing approved hurricane shutters should lower your premium.
claims to offer free records and discounts on renewals
Depending on the insurance company, you could get a 15 percent discount if you haven't made a claim on your policy in the last 3 to 5 years. Also, if your policy has been in effect for 3 years in a row, most companies will lower your premium.
Free Discounts on Mortgages
Some insurance companies offer discounts on premiums of up to 5% to people who have paid off their mortgage.
Price cuts on new and remodelled homes
Most insurance companies offer a discount for new homes. If your home was built in the last 10 to 15 years, you may be able to get this discount. Also, a home that hasn't been updated in a while costs less to insure. Find out when the last major update to the home's electrical, heating, and plumbing systems was done.
Housekeeper Who Lives In
Some insurance companies will give you up to a 2% discount on your premium if you have a live-in employee because they think it will make your home less likely to be broken into.
Conclusion
After reading the tips above, you might think that if you added up all of your credits, you could get a 70–90% discount on your premiums. It doesn't work out that way, though. If you take certain safety steps or do other things, you may be able to get insurance from the "preferred" company for your group. This "preferred" company will be able to give you more premium credits than a regular company.
