Homeowners insurance can get expensive. There are a few ways you can lower your premiums and save a few dollars. Many of the following suggestions are simply common sense, while others may be something you would have never considered. Talk to your insurance agent. You can save time and money when you go straight to the source.
These ways can help you lower your insurance premiums:
If you have a low deductible, the odds are your premiums are higher than they need to be. Consider raising your deductible and seeing how it will affect your premiums. Your insurance agent can do the calculations for you and see how much you may be able to save.
Avoid filing small claims. Too many small claims may put you in a high-risk category. Pay for smaller amounts of damage out of your own pocket. This will save you from higher premiums and keep you from losing out if a bigger event would ever occur.
Install a DIY home security system. If you really want effective protection, you can install a system that is monitored by a third-party security team. If you include smart technology items like thermostats and environmental sensors, the authorities will automatically be notified if something should ever go wrong.
Ask your insurance agent about discounts that may not be as well-known. Paperless billing and making payments by the year will both save money. Paying through an automated payment system will also help.
Certain home improvements may qualify you for additional discounts you may not even know are available. Impact-resistant roofing and storm shutters are just two ways you can improve your home and qualify you for potential discounts on your premiums.
Bundling your home and auto policies puts all of your insurance in one place and allows you to make one convenient payment. It's less work for the insurance company and less hassle for you.
Most people don't realize that their credit score actually does impact their insurance premiums. Do what you need to do to raise your score. Pay off your credit cards and make sure all of your payments are on time. The more careful you are with your credit, the lower your premiums will be.
If you have a lot of high-risk items like antiques and collectibles, you can save money if you eliminate them. You may be able to save money if you keep them in a secure location, but high-dollar items usually require additional coverage, which will make your premiums increase.
Just like anything else you buy, it pays to shop around. If your current agent knows you are trying to find a lower premium, they will more than likely try to match other offers so they can keep your business.
Learn as much as you can about how you can lower your insurance premiums. Contact our agents at Falsken & Associates today. We can go over your policy with you and find out what discounts you may qualify for!
