Lowering Home Insurance Costs and Saving Money
Lowering your home insurance rates is not the easiest task in today’s market, but by following the below tips you can take control of your home insurance costs and start saving money. At the same time, cost should not be the only factor considered when comparing home insurance policies. It’s important to understand the coverage you will be receiving for the price and determine if it fits your personal needs.
• Shop Around: One the most important ways to save money on your homeowners insurance is to comparison shop. Your local Brooke Insurance agency will provide you with a free homeowners quote from several of the top insurance companies. This makes the shopping and comparing your home insurance easier than ever – we do the research and work for you!
• Raise Your Deductible: By raising your home insurance deductible, you can save money on your insurance premium costs. It’s extremely important, however, to make sure you can afford to pay the increased deductible should you need to make a claim. By raising your deductible to:
- $500 you could save up to 12% on your premiums - $1,000 and save up to 24% - $2,500 and save up to 30% |
• Multi-Policy Discounts: By having your home and car insurance with the same insurance company, you may qualify for additional discounts. Your local Brooke Insurance agent can review with you which companies offer this type of discount and discuss your options
• .Increase Security: Adding deadbolts, security alarms and smoke detectors to your home may increase your discounts. Each insurance company offers different discounts for these types of improvements and your local Brooke Insurance agent can review with you which discounts you might qualify for. If you are considering installing an expensive alarm system, make sure to discuss it with your Brooke Insurance agent before purchasing to make sure the system will be eligible for a discount. Not all systems are considered the same by insurance companies.
• Good Credit: Maintaining a good credit rating will increase your chances of being eligible for lower policy costs. An increasing number of insurance companies are utilizing FICO scores in establishing insurance costs.
• Dog Choice: Is man’s best friend increasing your insurance risk? Certain types of dogs will cause your insurance rates to go up. Check with your Brooke Insurance agent before getting a dog to make sure the breed will not cause an increase in your home insurance costs.