The amount of money that you pay on your homeowner’s insurance differs greatly from one home to the next. This insurance can vary by hundreds of dollars, which makes it imperative that you learn how to save on homeowners insurance as much as possible. We will now look at a couple of ways that you can do just that.
The first tip is to shop around and look at different insurers. You can ask your friends and family for recommendations on the home insurers that they use and you can also check out the ones listed in the yellow pages, on naic.org etc. Most states give out information on the typical rates of most insurers, so you can use this information in order to determine the most affordable one. You can also check out various consumer guides and online insurance quotation services so you can see the companies with the lowest prices. However, you shouldn’t just choose an insurer because it is the cheapest but also consider the quality of their service, the number of negative complaints against the company etc.
The next tip that will help to reduce your homeowner’s insurance by at least 5% is to install a deadbolt lock and a carbon monoxide detector. You should install a deadbolt lock on the exterior of your door and this will not only reduce your insurance but ensure you and your family are much safer. A carbon monoxide detector will also safeguard your family and it will increase the overall safety of your home, thus decreasing your insurance rates.
Another way is to pay your homeowner’s insurance on time and promptly, every time it is due. Many companies offer a prompt pay discount, which is a discount given if you pay your bill within 10 days of it being due. However, you should ask the company if they offer this type of discount first and even if they don’t offer it, they might if you ask for it.
Lastly, you can make a couple of exterior changes to your home to make it safer. For example, you can install sturdier garage doors that can withstand high winds, build a tough roof, install leak detectors, install fire resistant siding etc. These will definitely help to greatly reduce your insurance.
In closing, we have just covered some of the best ways to save on homeowners insurance. Once you put this advice into action, you will not only pay less on insurance but feel a lot safer in your home.