Are you tired of paying through the roof for homeowners insurance? We feel your pain! That’s why we’ve compiled a list of 9 simple and effective strategies to help you save big on your policy. Whether you’re a first-time homeowner or have been in your house for years, these tips are guaranteed to make a significant dent in those costly premiums.
Raise Your Deductible
Raise Your Deductible: One simple way to save on your homeowners insurance is to raise your deductible. By doing so, you’ll be responsible for paying a larger portion of any damage claims out of pocket, which will lower your overall insurance costs. Just be sure to keep enough money saved up to cover the new deductible in case you need to make a claim
Check for Discounts
It’s no secret that homeowners insurance can be expensive. But there are simple strategies you can use to save big on your premiums. One of the best ways to save is to check for discounts. Many insurers offer discounts for a variety of things, including installing security devices, maintaining a good credit score, and more.
So, be sure to ask your insurer about any available discounts. You could save hundreds of dollars a year just by taking advantage of some of the discounts that are available.
Install Home Security Devices
Home security devices can save you money on your homeowners insurance. Installing a home security system can save you up to 20% on your insurance premiums. And, if you have a monitoring service, you may be eligible for an additional discount. Many insurance companies offer discounts for homes with smoke detectors, burglar alarms, and deadbolt locks. So, if you’re looking to save money on your homeowners insurance, start by installing some home security devices.
Get Quotes from Multiple Insurers
When it comes to homeowners insurance, it’s important to shop around and get quotes from multiple insurers to make sure you’re getting the best deal. Here are a few tips to help you save big on your homeowners insurance:
- Get quotes from at least three different insurers.
- Be sure to compare apples to apples when getting quotes.
- Ask about discounts that may be available.
- Bundle your homeowners insurance with other policies, such as auto insurance, for additional savings.
Consolidate Your Policies
One of the best ways to save on homeowners insurance is to consolidate your policies. If you have multiple policies with different companies, you may be able to get a discount by consolidating them with one company. This can be a great way to save money, especially if you have multiple policies that are with different companies.
Another way to save on homeowners insurance is to raise your deductibles. By raising your deductibles, you will be responsible for more of the repairs if something happens to your home. This can be a great way to save money, but it is important to make sure that you have enough money saved up in case something does happen to your home.
You may want to consider switching to a new homeowners insurance company. If you have been with the same company for a long time, you may be able to get a better rate by switching. This is especially true if you have had no claims in the past few years.
Take Advantage of Loyalty Programs
One way to save on homeowners insurance is to take advantage of loyalty programs. Many insurers offer discounts to customers who have been with the company for a long time. Some companies also offer loyalty programs that give members access to exclusive deals and discounts.
Loyalty programs can be a great way to save money on your homeowners insurance. Be sure to shop around and compare different programs before choosing one.
Increase Credit Score & Shop Around for Better Rates
If your credit score is high, you may be able to shop around for better rates on your homeowners insurance. Also, consider increasing your credit score as a way to save money on your policy.
Your credit score is one of the most important factors in determining your homeowners insurance rate. If you have a good credit score, you may be able to get a lower rate by shopping around for a new policy. Also, consider increasing your credit score as a way to save money on your policy.
There are a few things you can do to raise your credit score, such as paying your bills on time and maintaining a good credit history. You can also try to get a copy of your credit report from all three major credit reporting agencies to make sure there are no errors that could be dragging down your score.
Once you have a good credit score, take the time to shop around for the best deal on homeowners insurance. Get quotes from several different companies and compare their rates. Make sure you understand the coverage each company offers before making a decision.
By following these simple tips, you can save big on homeowners insurance. Take the time to improve your credit score and shop around for the best deal and you could see significant savings on your policy.
Bundle Insurance Policies Together
Bundling your homeowners insurance with other policies, like your auto insurance, can save you a significant amount of money. Most insurance companies offer discounts for policyholders who bundle their coverage, so it’s definitely worth considering.
Another strategy for saving on homeowners insurance is to raise your deductible. This means you’ll have to pay more out of pocket if you need to make a claim, but it can also lead to lower premiums.
Of course, these are just a few of the many ways you can save on homeowners insurance. Be sure to shop around and compare rates from different insurers to find the best deal.
Ask About Group Discounts
Homeowners insurance is a necessary expense, but that doesn’t mean it has to be expensive. There are simple strategies you can use to save big on your homeowners insurance premiums. One strategy is to ask about group discounts.
Many insurance companies offer group discounts to policyholders who belong to certain organizations or groups. Some examples of groups that may qualify for a discount include AAA, AARP, and professional organizations like the National Association of Realtors. If you belong to any of these groups, be sure to ask your insurance company if you’re eligible for a discount. You could save 10% or more on your premium!
Ask the Experts at Keen Coverage
Homeowners insurance is one of the most important types of insurance to have, but it can also be one of the most expensive. Luckily, there are some simple strategies you can use to save big on your homeowners insurance premiums.
One of the best ways to save on homeowners insurance is to shop around and compare rates from different insurers. Make sure to get quotes for both replacement cost and actual cash value coverage, as well as quotes for different deductible amounts.
You can also save money on your homeowners insurance by taking steps to make your home more disaster-resistant. For example, installing hurricane shutters or upgrading your roofing can help to lower your premium.
Remember that most insurers offer discounts for things like installing smoke detectors or having a security system. So be sure to ask about any available discounts when you’re shopping around for homeowners insurance.