8 secrets to lower homeowners insurance rates

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Homeowners are thrown tons of hefty expenses, but why should an unreasonable insurance bill be one of them. Here’s eight secret strategies to help drop the premium on your homeowners insurance:

1. Get a Quote Before You Buy

Before you buy always save yourself expenses by reviewing the cost of insuring a home. Why you might ask? Because as ludicrous as it may sound even seemingly identical homes can be substantially different when referring to premiums. This is due to the many components that are applied such as the proximity to emergency services (fire departments and police stations) or even the condition of the home’s heating, electrical and plumbing systems. All these factors contribute to determining the cost to insure a home. Two identically priced homes can surprise you with a 15% difference. There’s a candid reason to get a quote and compare shops.

2. Don’t Insure the Land

Have you purchased your entire landscape in insurance? Land can maintain and refurnish itself although, homes and personals can be damaged by a fire, flood, and other mishaps. Purchase enough insurance to protect your home value, and let the land take care of itself.

3. Give Up Smoking

Over 14,400 residential fires were caused by smoking in 2002. With statistics from the U.S. Fire Administration/ National Fire Data Center it’s guaranteed homeowners insurance can costs you if your a smoker. A serious way to lower your funds is to consider increasing your health and quitting.

4. Install an Alarm System

Insurance companies are likely to reward you with a discount if you alert yourself of smoke hazards. Save around 5-10% by adding an alarm system to your home.

5. Protect Your Home Against Disasters

Do you live in an area prone to natural disasters? If so, it would be best to lower your insurance premium by protecting your home and adding features. Like upgrading your heating or electrical systems or reinforcing the roof or storm shutters and pruning the trees. Talk to your agent to find out if there are considerable upgrades to net as many available discounts.

6. Use One Insurance Company

Build your loyalty by purchasing all of your insurance policies with the same insurance company allowing qualification for a multi-line discount. It can save you as much as 10% off of your total premium.

homeowners insurance quote7. Raise Your Deductible

Trim your homeowners premium by raising to a higher claim cost also referred to as the deductible policy. You could save as much as 25% if you can afford to raise your deductible from $500 to $1,000.

8. Improve Your Credit Score

Insurance companies frequently check your credit score to determine an estimated insurance price range. Consider it one more reason to keep or create a glowing credit.

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Nigro Insurance Agency8 secrets to lower homeowners insurance rates