1. Shop Around
As it sounds, it is best to look at several different insurance companies to find competitive prices. A good way to do this is to find an insurance agent to do the shopping for you.
2. Senior Discounts
If you are 55 or older and retired you may find certain insurance companies willing to discount you. Seniors tend to spend more time at home allowing for more time for maintenance and the ability to spot any fires sooner than a working individual. A senior discount can be as much as 10 percent.
3. Stop Smoking
Believe it or not, smoking mishaps account for almost 23,000 residential fires annually. Some insurance companies offer lower premiums if your home is smoke free.
4. Combine Your Home and Auto Policies
By buying both policies from the same insurance company, you may be able to get a multi-line discount. This is one of the more substantial discounts you can get for your insurance.
5. Improve Your Home’s Security
By adding such improvements to your home as a deadbolt lock, a burglar alarm, or smoke detectors, you can receive from some insurance companies up to $5.00 an improvement. Some companies even offer up to 15 to 20 percent for an added home security system.
6. Group Coverage
Larger employers and business associations often work out discounted prices and deals with the insurance companies for their employees and members. Check with your employer or association to see if they qualify.
As it sounds, it is best to look at several different insurance companies to find competitive prices. A good way to do this is to find an insurance agent to do the shopping for you.
2. Senior Discounts
If you are 55 or older and retired you may find certain insurance companies willing to discount you. Seniors tend to spend more time at home allowing for more time for maintenance and the ability to spot any fires sooner than a working individual. A senior discount can be as much as 10 percent.
3. Stop Smoking
Believe it or not, smoking mishaps account for almost 23,000 residential fires annually. Some insurance companies offer lower premiums if your home is smoke free.
4. Combine Your Home and Auto Policies
By buying both policies from the same insurance company, you may be able to get a multi-line discount. This is one of the more substantial discounts you can get for your insurance.
5. Improve Your Home’s Security
By adding such improvements to your home as a deadbolt lock, a burglar alarm, or smoke detectors, you can receive from some insurance companies up to $5.00 an improvement. Some companies even offer up to 15 to 20 percent for an added home security system.
6. Group Coverage
Larger employers and business associations often work out discounted prices and deals with the insurance companies for their employees and members. Check with your employer or association to see if they qualify.
7. Maintain Your Credit
Some insurance companies, in states it is permitted, check a person’s credit history to assess the “risk” and adjust the premium prices accordingly. Keep your credit in good condition and this may help you.
8. Check Your Coverage Every Year
Before renewing a policy, it is good to check your coverage against your current assets. For example, if you recently sold a valuable item you would want that to be reflected in the amount of property coverage you have. Also, if you were to put in an addition, you may wish to up your dwelling coverage.
9. Consider Insurance When Purchasing a Home
When you are thinking of buying a home, consider your insurance. For instance, if you buy an older home the heating, electric, etc are probably more outdated and therefore the insurance would be more. A newer home has new systems and therefore, would allow for a lower premium. Also, if you are thinking of building or buying a home, think of the area in which you wish to live. If you are on the Atlantic coast for example, you would want to think of the other insurance costs you would have, i.e. wind damage. The Pacific coast you would need to worry about the extra cost of earthquake insurance as these calamities are not covered under most home insurance policies.
10. Skip Insuring Your Land; Insure Only Your Home
Your home is at risk of various disasters such as fire, theft, etc. but the land it’s on is not at such risk. Do not include the value of the land your house sits on when determining coverages and this will help you save.
Be sure to check with your current or soon to be insurance company to see if they offer the discounts you are looking to receive. Visit http://www.candsins.com/ today!
Awesome post. I have never thought of that there are ways to save on home insurance policy. I just confirmed a policy yesterday, but after reading your post I will drop my plan and will move according to your steps and hope I will save lots of money.
ReplyDelete