Save Money on Your Home Insurance

  • Raise your deductible.  Your deductible is the amount of money you will pay to cover a loss before your insurance takes over. The higher your deductible, the lower your premium. If you raise your deductible from $250 to $500, for example, you will need to make sure you can afford to pay for a loss up to $500. If you increase your deductible to as much as you can afford, you will reduce the possibility of making smaller claims and reserve your insurance coverage for catastrophic losses.

  • Get a multi-policy discount. You may be able to get a discount if you insure your home and your car with the same company. Your agent can help you determine if you would save money by trusting your auto and home insurance to one company.

  • Consider insurance when buying a home. If you are thinking about buying a new home, consider the cost of insurance. A newer home most likely will have electrical, heating and plumbing systems that are in better condition than an older home, which may qualify you for additional discounts. How close the home is to fire service and hydrants also can affect the cost of your insurance.

  • Be safe. You can receive discounts for having safety features in your home, including smoke detectors, deadbolts, fire extinguishers and security systems.

  • Be a loyal customer. If you stay with the same insurance company over time, you may receive special consideration. Many insurance companies offer discounts for three, five and 10 years of continuous coverage.
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