7 Secrets to Lower Home Owners Insurance Premiums

April 15, 2013 15 Comments

cut-costs

  1. Raise Your Homeowner’s Insurance Deductible – seems obvious but not everyone looks at this option.
  2. Combine Your Homeowner’s and Auto Insurance Policies – some companies offer discounts when you combine policies
  3. Other Homeowner’s Insurance Discounts –  smoke detectors, deadbolt locks, security or fire alarm systems, fire extinguishers in the home, etc.
  4. Don’t Buy Coverage You Don’t Need – flood & wind make sense here in FL, but not earthquake coverage.
  5. Show Them That Your Home is a Better Risk – older homes that have been updated can receive discounts, ask your agent if a 4 Point Insurance Inspection &/or a Wind Mitigation Inspection may help reduce premiums.
  6. Avoid Risks That Insurers Shun – certain types of dogs, a trampoline, etc.
  7.  Improve Your Credit Score – many insurance companies associate credit worthiness with risk.

15 thoughts on “7 Secrets to Lower Home Owners Insurance Premiums”

  3. We wish to thank you very much for saving us hundreds of dollars every year with the info provided here.

  5. I am an insurance Agent.
    I can help with 6 of these.
    I wish no one knew about the 7th
    (only because the companies I write with don’t offer discounts – but many do)

  10. Got a Wind Mitigation Inspection. Now I’m saving $346 per year & living happily ever after.
    😀

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