As a homeowner, you may find that your insurance rates are one of your biggest expenses. But did you know that there are ways to lower your home insurance rates? By taking some simple steps, you can potentially save hundreds of dollars each year. In this blog, we will discuss 9 actionable tips that can help you lower your home insurance rates.
- Raise your deductible
One of the easiest ways to lower your home insurance rates is to raise your deductible. By increasing your deductible, you can lower your monthly premiums. Just make sure that you have enough money set aside to cover your deductible in case of an emergency.
- Make your home more secure
Insurance companies often offer discounts for homeowners who have taken steps to make their homes more secure. Installing a security system, deadbolts, and smoke detectors can lower your premiums and give you peace of mind.
- Skip small claims
Making small claims can increase your home insurance rates. If you have a minor issue, such as a broken window or a small water leak, consider paying for the repairs out of pocket instead of making a claim.
- Ask about lesser-known discounts
Most insurance companies offer discounts for things like bundling your policies or having a good credit score. But there may be other discounts available that you’re not aware of. Ask your insurance agent if there are any lesser-known discounts that you may be eligible for.
- Account for home improvements
If you’ve made any improvements to your home, such as upgrading your roof or installing new plumbing, make sure that your insurance company is aware of these changes. This can potentially lower your home insurance rates.
- Bundle your auto and home insurance
Many insurance companies offer discounts for customers who bundle their auto and home insurance policies. By combining your policies, you can potentially save money on both your auto and home insurance rates.
- Build your credit score
Your credit score can have an impact on your home insurance rates. By improving your credit score, you may be able to lower your premiums. Pay your bills on time, reduce your debt, and check your credit report regularly to ensure that there are no errors.
- Get rid of high-risk stuff
If you have high-risk items in your home, such as a trampoline or a pool, it can increase your home insurance rates. Consider getting rid of these items or taking steps to reduce the risk, such as installing a fence around your pool.
- Shop around
Finally, it’s always a good idea to shop around for the best home insurance rates. Get quotes from multiple insurance companies to see which one offers the best rates for your needs.
Get the Most Affordable Homeowners Insurance with Premier Risk, LLC
There are several ways to lower your home insurance rates. By following these tips, you can potentially save hundreds of dollars each year. To learn more about how you can save on your home insurance in Lynbrook, NY, contact our experienced agents at Premier Risk, LLC. We can help you find the best home insurance policy for your needs and budget.