These days it makes sense to save money off your monthly expenses any way you can.
And finding more affordable homeowners insurance is certainly no exception. The real question becomes “how to find a cheaper policy?” without reducing your coverage.
In other words, what can you do to find, and get, a better policy for you and your family?
How to find a cheaper homeowners insurance policy
The first thing to remember is that you’ll want to find cheap home insurance while still maintaining adequate coverage for your property.
This is especially true for certain states that have high insurance premiums along with high property costs, such as New York, Texas, Florida, California, and Arizona.
The good news for homeowners it’s easier than ever to find low-cost homeowner insurance.
And as long as you follow a few guidelines you should end up with the same (or better) coverage for less money:
- consider using an independent agent
- ask for the insurance companies/carriers financial rating
- adjust your deductible?
- ask about available safety discounts
- know your credit score
- bundle your other insurance policies?
Why use an independent agent?
For starters, independent insurance agents typically represent many different insurance carriers.
This allows you to “shop” for rates without having to contact multiple companies. What’s more, it’s entirely possible that you haven’t even heard of most of the insurance carriers available to you for less than the “big” companies like All State, State Farm, etc.. That doesn’t mean, however, that these lesser known carriers aren’t financially sound and reputable.
By representing a range of insurance carriers independent agents can help find the best company to match your situation.
And since the lowest rates for homeowner insurance vary from company to company this will also help you get the most affordable policy.
Another tip is to review your current deductible amount with an insurance expert.
One easy rule of thumb to remember is — the lower the deductible amount, the higher the premium. By adjusting your deductible amount even a little bit you can drastically reduce your overall premium.
A deductible is the amount of money you will have to pay first when a claim is made, before your insurance company pays on your claim.
Other possible discounts…
Do you have security devices installed in your home?
You may qualify for a policy discount for any smoke alarms, security alarms, deadbolts, or sprinkler systems installed in your home. Having some (or all) of these installed in your house can lower your premiums by 5% to 20%.
And that will make a big difference.
Some companies also offer discounts based on your credit score or membership in an alumni or other professional organization.
So it pays to ask.
Finally, you may want to consider having multiple policies with the same company (bundling).
By using the same insurance company for both your car and homeowners insurance you may qualify for discounts of 5% to 15% off the selected premium for BOTH policies. Should you decide to do this, however, make sure that you’ll end up paying less for both policies together rather than if you insured each one with a different company.
Does that make sense to you?
Finally, make sure you ask questions. Only by speaking directly with an insurance specialist can you make sure you get the best coverage for the best price.
Get your free no-obligation quotes today
Are you searching for New York homeowner’s insurance?
Click the link and schedule a no-cost evaluation of your current homeowner’s policy. Bruen Deldin DiDio Associates, an insurance agency in New York, will evaluate your existing policy to make sure you have the right coverage… for the best price. You can call them at 800.660.6934, or visit them online at www.bddinsurance.com today.
And if you live outside of New York, save time and money with a free, customized, quote comparison from qualified insurance providers…
Get your FREE, no-obligation homeowners insurance quotes today.
Or you can search through our list of homeowners insurance providers for your State or Metro area that can help you get the insurance coverage you need.
Either way the choice is yours…