How to get a discount on your home insurance

July 6th, 2016  |  Home Insurance

You’re finally a homeowner. You’re slowly learning about the expenses coming your way. Chances are that you’re looking for ways to save money on your household expenses. One way to save is to do so on your home insurance. You’re already spending enough money on your mortgage and every other payment that’s coming out of nowhere. The expenses seem to never stop. Your goal is to catch a break on your insurance plan.

How can you get a discount on your home insurance? Here are a few things that might help you at the negotiating table:

Get as many quotes online as you can

We all spend enough time browsing through our Facebook feed. We might as well take a few hours to gather up the quotes. There are many online insurance comparison sites that make the whole process very easy for you. You shouldn’t accept the first rate that comes your way. Keep on comparing rates until you find one that you’re satisfied with.

Raise your deductible

If you’re willing to raise the deductible (what you pay out-of-pocket) for every claim that you make, you can save money on your premium. Most folks don’t mind a higher deductible because they don’t plan on claiming small issues that occur.

Batch your insurance

You can bring over your car insurance and get everything under one policy. If you need insurance for more than your home, you might as well take advantage of any potential discounts that come with grouping your insurance plans. Many companies will gladly give you a discount for batching your car insurance, home insurance, and life insurance.

Get an alarm system

Most home insurance companies offer a discount if you install a home alarm system because chances are that your property will be protected. An alarm system can also help you sleep better at night knowing that your home is being watched in case any burglars attempt to break in.

Pay upfront

Instead of paying monthly, you can see if there’s a discount offered to those who pay everything upfront. I know that this might hit your finances if you don’t budget for it. The trick is to have an emergency fund or to use your savings account. The money you save could help you out in other areas.

Good luck finding the best possible rate for your home insurance. I hope that you can save some cash to buy that flat screen TV or to throw that epic summer party. There’s always a way to save a few bucks if you’re willing to shop around and perform your research.

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