Homeowners insurance costs are on the rise and in some areas of the country premiums are astronomical. So how can you whittle your insurance cost down to a size you can afford? Read on ...
1. Switch Companies and Save up to 40%
I know some people who've saved $1,000 and more, and even gotten better service, by simply switching their homeowners insurance from one company to another
There are insurance websites where you can get homeowners 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 chat with him or her online and get answers to any questions you may have.
It's fast, it's easy, and it won't cost you a dime. (See link below.)
2. Raise Your Deductible and save 15% to 35%
By raising your deductible from $500 to $1,000 you can save 15% to 25% on your insurance premium. Raising it to $2,500 can save you up to 35%.
Raising your deductible not only saves you money, it saves you from making too many small claims which can cause an insurance company to cancel your insurance.
3. Install Safety and Security Systems and save 5% to 20%
Installing safety and security systems like smoke detectors, fire alarms, burglar alarms, sprinkler systems, security lights, and security doors can save you 5% to 20% on your homeowners insurance costs.
This also makes your home a safer place to live in.
4. Ask for Other Discounts
You may not be aware of all the discounts you're entitled to like senior discounts and non-smoker discounts, so before you purchase a homeowners policy make sure you ask your agent about all the discounts his company offers.