Home insurance protects your most valuable asset, but that doesn’t mean it should cost more than it has to. What if you could take just six simple steps and save literally hundreds of dollars per year off your insurance costs?
1. Shop Around
This is such good practice yet for some reason we blindly renew year after year without questioning whether we are getting the best coverage at the most competitive rate possible. Companies will work hard to earn your business.
2. The Power Of One
If possible, keep your varied insurance premiums with one company. Many insurers will offer discounts for carrying multiple policies.
3. Consider Increasing Your deductible
You may go years without a claim and the substantial savings from the lower annual premium may more than make up for the higher deductible if you do eventually have a claim.
4. Don’t Over Insure
Read your coverage thoroughly and identify coverage that may not apply or to the extent currently insured. Discuss with your insurance agent potential areas to save.
5. Install Precautionary Measures
Insurance companies reward low risk customers with lower premiums. Discuss with your insurance provider about installing security, water mitigation equipment and safety measures that decrease the likelihood of a claim.
6. Did you know you can save money if you have a good credit score?
Discounts are now available with a positive credit check score. This will not impact your credit rating and may save up to 30% on your premium.
Insurance companies will work hard to keep your business. An annual check in with your trusted insurance provider will ensure you are receiving a customized and competitive policy that best fits your needs.