Ways to Lower Your Homeowners Insurance Expenses

 In Real Estate Articles

  Homeowners insurance might not be a requirement for certain homeowners, but it’s very risky to try living without it, especially if an emergency situation strikes without warning. Because life is unpredictable, most of us consider this cost to be a necessity to quell our worries, but if we had the choice we’d like to be paying a lot less on our premiums. Before surrendering to the price of your peace of mind, consider these ways to lower your homeowner’s insurance expenses.

Some insurance companies will offer a cheaper rate on their homeowner’s insurance premiums if you bundle your other insurances with the same company. If you have your home insurance company, consider bundling auto and life insurance if possible. You could stand to save up to 15% on your premiums if you buy two or more policies, depending on the company you’re doing business with. Get a quote before you make a decision.

Speaking of getting quotes, shopping around with different insurance companies is an excellent way to make sure that you’re getting the best deal. Ask several different companies for quotes and compare them side by side based on what they cover and what they cost. It can’t hurt to mention quotes that you received from one company to another company to see if they’ll match the price. Let them compete for you.

Some companies also offer their customers incentives to lower their premiums; think the good driving discount some car insurances offer, but for homes. If you upgrade different parts of your home for safety purposes, you could stand to have your premium lowered by your insurance company.

For example, if you have a home security system in place, you could qualify for a discount. There may be discounts available if you have motion cameras or working smoke and carbon monoxide detectors as well. Some companies even offer discounts to senior citizens. It’s worth asking.

There are several ways to get creative with your homeowner’s insurance expenses and doing a little research on your location might help you find some valuable information on just what sort of insurance you should have. For more ideas on insurance savings, check out this article by the Insurance Information Institute.

Let my team at Keystone Realtors® meet all your real estate needs. I have over 16 years of experience in buying and selling in the Santa Clara and San Mateo County areas, specializing in the high-end, luxury market. Visit our website at https://www.paulphangureh.com/ for listings and information. You can contact me at 650-924-2544, or email at [email protected]