What is the zip code of the property? Is this home a new purchase? (purchased in the last 30 days or not yet purchased) Yes No Are you currently insured, or have you been insured in the last 30 days? Yes No

5 Ways To Reduce Your
Home Insurance Costs

You should never have to pay more than you need to when it comes to home insurance and believe it or not there are ways you can keep your costs to a minimum.

Here are 5 simple ways that will ensure that you keep your costs down.

1. Combine All Of Your Insurance Policies

Here’s a simple tip that can save you up to 20% to 30% off your total insurance bill, combine your policies. 

Consider it insurance policy consolidation.  You should find that most insurance companies are diversified and also offer in addition to home insurance, health, life and auto insurance to name just a few.  If you take out all of your insurance with the same company you should be eligible for a discount, if you’re not sure if your current insurer can combine all of your current insurance policies, just ask.  If they don’t, you could be saving up to 30% per month and is definitely worth taking a serious look into.

2. Better Secure Your Home

Did you know your total monthly insurance bill can be reduced by simply upkeeping your home’s security?  It’s true, in the eyes of the insurer, they’re backing you based upon “risk” and the likelihood your home should ever be burgled or damaged.  You effectively, in the eyes of the insurer reduce this risk when you take steps to better protect your home.  This can simply be by installing fire extinguishers and smoke detectors to reduce the risk of fire hazard, getting an alarm installed in your car as well as your home.  Basically if the insurer can see that you took reasonable steps to protect your home and insurables, you will be rewarded with lower monthly premiums.

3. Always Maintain The Highest Credit Score You Can

Just as it’s important in gaining a loan, your credit score can be equally as important a factor when it comes to insurance.  Insurers tend to paint a profile from your credit score, it gives them a preview into your credit history track record.  The higher your credit score, the lower the insurance risk you pose.  Higher credit score from the insurer’s perspective is a predictor of responsibility and the more responsible the person, the less claims they’re likely to make.  Just remember, the higher the credit score, the lower the rate you pay each month.

4. Keeping Your Home In A Good State Of Repair

Before you go ahead and do so, make sure you talk over with your insurance agent about any future work you intend to do on your house and if it warrants any discounts.  This also adds to the lifespan of your house and reduces the risk of future claims through your home’s natural wear and tear such repairing or replacing a leaky roof, updating your plumbing, maintenance and upkeep of your home’s electrical wiring, always make sure this work is done by the qualified professionals should there ever be any future problems arise, it doesn’t come back onto you but the qualified tradesperson you used.

5. Get As Many Quotes As You Need

With the advent of the internet, gone are the days where you had to an insurance agent come to your house to give you a quote.  Now you can get a quote in as little as 5 minutes and for free, so you can get as many quotes as you need.  You can truly get impartial quotes and get the best one for you with your current budget needs.  So the power really is back in the hands of the consumer and you make an educated decision when weighing up the best quote for you.

Don’t forget, if it’s too good to be true, it probably is and that the cheapest quote doesn’t necessarily mean the best.  You get what you pay for and if you are promised a cheap premium, find out exactly what your insurance policy covers, it might not cover everything you thought it did.  So resist the temptation to go with the cheapest because those tend you cost you more in the long run should there ever come a day when you might need it.

So, shop around for the best possible quote for you.

What is the zip code of the property? Is this home a new purchase? (purchased in the last 30 days or not yet purchased) Yes No Are you currently insured, or have you been insured in the last 30 days? Yes No

There’s an old saying “nothing in life is certain except for death and taxes”.  Although true, and almost just as certain the likelihood that at some point, something will happen throughout the duration of our lives to our very homes.  With the advent of mother nature and rising burglary rates, it’s safe to say that we should always prepare for the unexpected.  Like Murphy’s Law states that whatever can go wrong, will go wrong which is why we always need to be prepared for what life throws at us.

Cover for a typical house insurance policy might be theft, fire, vandalism, or other damage to your property. You will probably have a deductible to include plus the plan probably has a maximum amount it will cover so a standard policy insures the home itself and the contents.

People are always drawn to the cheapest quotes, but look closer before leaping.  Although the price may be cheaper on the front end could end up costing you more in the long run.  What you save upfront could cost you dearly when you come to claim are not covered for everything.  Always check what you’re paying for and what it covers so you can avoid any nasty surprises should it ever come the time when you need it.  So find out what your policy covers, does it cover house contents as well?

Although monthly premiums may be an issue, it is quite common for discounts to be available for people starting a plan with a new insurer. It is also surprising how much the monthly premium can be reduced by adjusting the deductible from say 500 dollars to 1,000 dollars, so why not try it.

Replacing personal and household possessions requires a policy that will pay for new replacements and not pay out on the original cost of the products. The chances are that this won't happen but you need to be aware that a Replacement Value policy is necessary if you want to replace possessions and household products at today's prices.

What is the zip code of the property? Is this home a new purchase? (purchased in the last 30 days or not yet purchased) Yes No Are you currently insured, or have you been insured in the last 30 days? Yes No