How to Find the Best Price on Homeowners Insurance


Before enrolling in a homeowners insurance policy, be sure you are getting the absolute best rates. In many cases, home owners miss out on an opportunity to save money on insurance. Instead of shopping around for the best rates or being prepared, people often jump at the first affordable policy they find. Don’t just settle for any policy you can afford. If you have some patience, you can find a higher quality plan at an affordable rate.


Hire an Insurance Agent


There are many websites that offer homeowners insurance plans that can be purchased within minutes. It’s simple to search for plans and fill out an application on these sites. However, you’re better off hiring a licensed agent at no cost to do the work for you. The reason for that is an agent can find discounts you won’t find on buy-now insurance websites and can advise you on the type of coverage you need to properly insure your home.


Purchase Auto Insurance at the Same Time


Bundling insurance policies together is a money-saving tactic. If you enroll in auto and home insurance together, from the same insurance company, you will receive a discount. Much like any type of business likes to reward customers with savings when buying in bulk, insurance companies will cut down the cost of your premiums when you buy home and auto insurance together.


Purchase a Plan with a High Deductible


We all hate having to pay our deductible when filing a claim. However, if you want to save some money – a lot of money – on your insurance premiums, get a plan with a high deductible. This will save you money upfront, although you will have to pay more money out of your own pocket should you ever have to file a claim. By raising your deductible from $500 to $1,000, for example, you may save upwards of 25%.


Secure your Home


Still can’t seem to get a homeowners insurance price where you want it to be? By installing security features such as a smoke detector, alarm system, and dead-bolt locks, you could save up to 5% on insurance. If your security features are even more advanced (i.e. an alarm system that rings directly to police), you may get an even bigger discount.


Other Common Ways to Decrease Homeowners Insurance Premiums


There are quite a few other ways to get the best rates on homeowners insurance. That includes improving your credit score, considering the cost of homeowners insurance prior to purchasing a new home, and sticking with the same insurance company year after year.