Having enough coverage for all possible risks remains crucial in your homeowners insurance. There are a lot of factors that go into calculating your premium, but there are many ways to help lower it without sacrificing the quality of your coverage. Here are the best ways you can save on your homeowners insurance!
1. Bundle Insurance
When you bundle your insurance, you’re essentially buying two or more insurance products from the same agency. Many insurance agencies provide discounts or rewards for services you bundle together, which ultimately helps you save more money in the long run. This great opportunity for discounts not only applies to your home insurance, but also your auto, health, life, and business insurance plans!
2. Strong Credit
This may seem like common knowledge, but having a strong credit rating can make all the difference with your costs. The better your credit score is, the lower of a risk you are to the insurance company (resulting in lower premiums). All insurance companies perform a “soft check” on your credit when they provide a quote, which is a huge factor in how much you will be paying for insurance. If your credit is not strong, it’s incredibly important that you start improving it.
3. Home Improvements
Home improvements can help you save due to discounts offered for quality built homes. These improvements consist of projects that help make your home stronger in terms of structure, function and longevity. This does not refer to cosmetic improvements such as new flooring, paint, etc. If you make improvements such as getting a new roof, new plumbing, new AC system, and more, then you may qualify for a handful of discounts.
4. Update Your Information
Your current insurance company can’t provide additional discounts if they don’t know you qualify. Keep your insurance company informed about any changes to your home. Life events are another easy way to snag a few additional home insurance discounts. For example, if you’re getting married you could be eligible for a married couple discount.
The Next Steps
Now that you know how to save on your homeowners insurance, go ahead and book a free appointment below to see how we can help you save even more!