Save on Home Insurance
Save on home insurance. How to save on homeowners’ insurance? Here are the most effective ways to save your money:
How to Save Money on Home Insurance
Save on Homeowners Insurance: Raise Deductibles
If you are looking to save money on your home insurance, you should consider raising the value of the deductibles. With high deductibles, you get to save up to 40 percent of the premium – a tradeoff that is worth making in most instances. This makes sense if you work through the mathematics, with a higher deductible (perhaps $3000 more), you can save up to $400 in annual premiums.
Save on Homeowners Insurance: Use the same insurance company
Also, try to obtain your homeowner’s insurance and your auto insurance from the same company. This is one of the best ways to get a better deal on both policies.
Save on Homeowners Insurance: Watch your claims history
Generally, if your damages are relatively low, you should try not to file a claim with the insurance company. This is because every claim you make will add to your claims history. Your yearly rating might thus change with additional claims, leading to higher premiums. If you are in doubt, always check with your agent before filing any claims.