Whether you are a first time home buyer or you have owned your home for many years, you should definitely shop around and do your homework on the insurance companies who write homeownerâ€™s policies in your area.
Discounts will vary by company and by the city, state or region you live in. Here are some of our recommendations:
Additionally, your deductible plays a role in your premium rate â€“ if you raise your deductible by $1000, you can save nearly 25% on your annual policy. Additionally, many companies offer discounts if you place both your home and auto coverage with them or if you own more than one property.
Additional ways to save:
Donâ€™t forget to stay on top of your credit scores â€“ it has an impact on all of your insurance rates. Also, be sure to evaluate your homeâ€™s value and the contents that are insured every year â€“ if you make changes you may need to increase or decrease the replacement value, which will impact your premium. Above all, take an active role in your insurance protection. Make sure you keep up with safety features, shop rates and keep up with both your credit and your inventory â€“ youâ€™ll save year to year and in the long run.
Your home is a huge investment, protect it!