Increase Your Deductible
Just like car insurance, homeowner policies have deductibles, and the same rule of thumb applies, carry the greatest deductible you can . The greater your deductible, the greater premium credit you can expect to receive from your company. Your savings may reach 25% by increasing the deductible from $200 to $5000.
Add Dead Bolts and Fire Extinguishers
Practically every companies offer for smoke detectors, burglar alarms, dead bolts, fire extinguishers, and Neighborhood Watch Areas. Dwellings with a fire and burglar alarm system hooked up to a third-party monitoring company receive larger savings than homes without.
Consolidate Policies to Save
Insuring two cars on one policy with the same insurance company can save you 10% to 15% on your premiums. If you cover together, you can decreas your premiums by another ten percent to fifteen percent.
Verify Windstorm Areas and Distance to Fire Stations
If you reside outside the city, youll very likely pay higher for your home owners insurance than if you lived in city limits. Why? Its because of the longer distance to your fire station. If you live more than 5 miles from the nearest fire hall, and more than 1,000 feet from a fire hydrant, you will most likely pay a higher premium.
Renewal Discounts and Claims Free Record
If you have not made a claim under your policy during the past years, you receive up to a , depending on the home owners insurance company. Plus, most companies will discount your premium if your policy has been in force for three straight years.
Mortgage Free Discounts
Quite a few insurance companies target those who have mortgage and offer those home owners premium savings of up to ten percent.
Discounts for New and Renovated Homes
Most insurance companies offer a discount for new homes, and you can qualify if your home was built in the last years. Also, a renovated home costs less 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.