Everyone who owns a home should have home insurance although it’s only legally required until people finish paying off their mortgage. However, it can be expensive, so it’s important to get the best possible deal. Shopping around for Online Home Insurance can make this easier, as can taking a few other simple steps.
Get a Policy With a Higher Deductible
The higher your deductible, or the price you need to pay before insurance kicks in should something happen, the less expensive the premiums will be. Just make sure that you have the money in savings to cover the deductible should something happen.
Get All Your Policies From the Same Company
Getting all of the insurance policies you need from the same company, sometimes called bundling, will get you a discount at many insurance companies of up to 15 percent off the total cost. Compare the prices offered by different companies, as buying the policies separately from other companies may still be less expensive in some cases.
Ask What Discounts the Company Offers
Many insurance companies offer other discounts which they may not mention unless the customer asks. Things like not smoking, having an impact-resistant roof, living near the fire department, living in a gated community, being over the age of 55 and retired, belonging to a particular professional organization, not having made claims in the past and having a security system could all be worth discounts.
Improve You Credit Rating
Having a good credit rating can also decrease insurance premiums, as people with better credit tend to make fewer insurance claims. This means paying bills on time and not opening too many credit cards, as well as regularly checking your credit report and fixing any errors.
Don’t Change Insurance Companies Regularly
While it’s a good idea to frequently check Online Home Insurance quotes to see if there’s a less expensive policy available, if the difference isn’t much it may pay to stay with the same company instead of switching. Ask if your current company rewards long-term customers with discounts, as this could save 5 to 10 percent off the policy total in some cases.
An agent at Perdue Insurance Group can help you shop around for the best policy.
