Bundle Multiple Insurance Policies
If you have a car, one of the best ways to save is to bundle your car and home policies through us. Bundling policies is one of the most effective ways to save money. In most cases, you can ask what percentage discount is available ahead of time. Then, should you choose to follow through, you will save upon making your purchase.
Raise your Deductible
Your deductible is the amount you pay out of pocket for any claims you make. For example, a deductible set at $500 means that you will pay the first $500 against any claim. As such, an effective way to reduce your home insurance premiums is to increase your deductible. Increasing your deductible from $500 to $1000 will result in a significant discount. However, you should only select a deductible that you can afford in case you need to make a claim.
Modernize Your Home
The greater the risks associated with your property, the higher the insurance cost. By mitigating risks at home, you'll be able lower home insurance premiums. The best way to do this is to upgrade your home. Renovation projects that include replacing wiring, heating systems or roofing tiles will result in insurance savings. Investing in a monitored home security system to mitigate the risk of theft, is a great way to reduce your premium. A backwater valve can help protect your property and lower insurance premiums as well. Devices like hardwired smoke and carbon monoxide detectors or installing a fire sprinkler system will also save you money. Call us, we’ll be happy to lay it all out for you!
A simple way to get a minor discount is to pay your insurance in one lump sum. You will save the service charge associated with monthly or quarterly pay.
Allow an Insurer to Check Your Credit
A soft credit check may lead to significant savings on your home insurance provided that your credit score is favorable. You see, we associate a good credit score with a strong sense of responsibility. Either way, we will NOT increase your insurance rate if the credit score isn’t favorable. In other words, you have much to gain or nothing to lose!