Higher Deductibles Mean Savings

Just like auto insurance, homeowner insurance policies have deductibles, and the same rule of thumb , carry the highest deductible you can afford. The higher your deductible, the higher premium credit you can expect to receive from your insurance company. Your savings reach 25% by increasing the deductible from $500 to $5000.

Improve The Security of your Home

All homeowners insurance companies offer discounts for dead bolts, fire extinguishers, smoke detectors, burglar alarms and Neighborhood Watch Areas. Homes with a fire and burglar alarm system hooked up to a third-party monitoring company receive greater savings than homes that did not.

Insuring two cars on one policy with the same insurance company can save you on your premiums. If you cover your homeowners insurance and auto insurance together, you can reduce your premiums by another 10% to 15%.

Verify Windstorm Areas and Distance to Fire Stations

If you make your home , youll very likely pay higher rates for your insurance than if you lived in city limits. How come? Its because of the longer distance to your fire station. If you live more than a few miles from the nearest fire station, and more than 1,000 feet from a fire hydrant, you will pay a higher rate.

Claims Free Record And Renewal Discounts

If you have not reported a claim under your policy during the past 3 to 5 years, you could be eligible to receive up to a 15% savings, depending on the company. Plus, most companies will discount your premium if your policy has been in force for three consecutive years.

Free and Clear Mortgage Discounts

insurance companies target those who have paid off their mortgage and offer those home owners premium discounts of up to fifteen percent.

Savings for New and Renovated Homes

insurance companies offer a discount for new homes, and you qualify if your home was built in the last 10 to 15 years. Also, a recently renovated home is cheaper to insure, so find out when the last major electrical, heating and plumbing update was completed on the home.

The easiest way to know if you are receiving the best rates possible on your home insurance is to go online and compare rates. Even if your home is mobile, you can compare and receive a very competitive RV insurance quote online and know that you are paying the lowest rates possible no matter what type of home you are insuring.

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