Increase Your Deductible
Insurance policies have deductibles, and the same rule of thumb for car insurance applies to home insurance – carry the highest deductible you can afford. The higher your deductible, the more premium credit you can expect to receive from your insurance company. You could have a saving as high as 25% by increasing the deductible from $100 to $1000.
Improve Your Home Security
Most insurance companies offer discounts for burglar alarms, smoke detectors, fire extinguishers, and Neighborhood Watch Areas. Homes with a fire and burglar alarm system hooked up to a third-party monitoring company receive higher discounts than homes with store bought smoke detectors.
Insuring all of your vehicles with the same insurance company can save you 10 – 15% on your premiums. If you cover your home insurance and auto insurance together, you can qualify for a discount that could reduce your premiums by another 10 – 15%.
Consider the construction type before buying a home, such as concrete block and steel or frame. Typically a wood frame house costs more to insure than one built mostly of concrete.
Verify Distance To Fire Stations
If your home is not close to your local fire station you may pay higher rates for your home insurance. If you live more than 5 miles from the nearest fire station, and more than 1,000 feet form a fire hydrant, you will probably pay a higher premium.
Depending on where you live you might want to get a quote for flood insurance.
Non-Smokers And Early Retiree Discounts
Some companies offer a discount for non-smokers of up to 15% to qualified. To qualify, you must be a non-smoker and you cannot allow anyone in your home to smoke. Retirees or senior citizens are usually offered discounts because insurance companies believe they are home more often and are therefore better able to protect their home against fire and burglary.
If you have any questions or looking for a free home insurance quote, please call and talk to one of our agents. Give us a call today 724.479.9378!