Most of the time, we tend to pay what the insurance company bills us without recourse to if we are paying too much or maybe not enough on our homeowner’s insurance premiums. There are many ways homeowner can save money and this article will show you how you can cut your homeowner’s insurance bill.
Switch Your Homeowner’s Insurance Company
Switching companies can save you up to 40% on your homeowner’s insurance premium. There are some people who have saved a thousand dollars and more and even gotten better insurance by simply switching their homeowner’s insurance from one company to another. There are insurance comparison websites where you can get homeowner’s quotes from a number of different companies so you can compare rates and choose the best one. Some of the better sites even have an insurance expert on call so you can talk with him or her online and get answers to any questions you may have. It is fast, easy, and it won’t cost you a dime.
Raise Your Deductibles
By raising your deductible from five hundred to a thousand dollars you can save 15 to 25 percent on your insurance premium. Raising it to $2,500 can save you up to 30 percent. Apart from saving you money, doing this can also save you from making too many small claims which can lead to an insurance company to cancel your insurance.
Install Safety and Security Systems
Third installing safety and security systems can save you five to twenty percent on your homeowner’s insurance premium. Installing safety and security systems like burglar alarms, smoke detectors, fire alarms, sprinkler systems, security lights, and security doors not only saves you money it gives you peace of mind. Before buying any of these systems, make sure you know what is recommended by the insurance company and how much the device cost versus what you get to save on premiums.
Ask For Other Discounts You Are Entitled To
You may not be aware of all the discounts you are eligible for like non-smokers discounts and professional discounts so before you purchase a homeowner’s policy, ensure you ask your agent about all the type of discounts that they offer. The best way to cut your insurance costs is to go to comparison shop and the easiest way to do that is to get quotes from an insurance comparison website, it is quick, easy and free. A lot of insurance companies will reduce your premium by up to 15% if you purchase more than one insurance policy from them. Check here.
Before embarking on any home improvement project, make sure you ask your insurer the type of upgrades you can make that can qualify you for additional discounts. It is possible to be eligible for discounts by simply adding shatter proof glass, roof reinforcements, and storm shutters. You can also install tankless hot water heaters; this can help to reduce the risk of having a leaking water heater as a result of a corroded tank. These discounts can help to reduce your homeowner’s insurance bill.