Because your Home Insurance is based on the level of risk the insurance company must take, there are things you can do to lower your premium. Installing deadbolt locks (to discourage theft), fire extinguishers, smoke alarms and burglar and fire alarms that alert your local police and fire stations can often save you up to 15 percent on your premium. Check with your Home Insurance agent before purchasing any of these items to see if your insurance carrier has specific requirements to qualify for the discount. Many insurers also offer discounts if you insure both your home and automobile with the same company. Another way to save may be to increase the deductible on your Home Insurance policy. A deductible of $1,500 or $2,500 will produce considerable premium savings. A higher deductible also means you will be taking care of smaller losses yourself and not turning in claims for them. Fewer claims result in lower premiums.
Also, it pays to shop around for insurance coverage just like anything else. Of course, keep in mind that the extent of coverage also determines the premium cost, so the cheapest policy is not necessarily the best. Our agents can help you evaluate the different policies and companies to find the one most suitable for you.