1. ONLY INSURE YOUR HOME
You don't want to insure based on the assessed value of your home because that includes the land as well as the house. You only need to insure your home.
2. SAFETY AND SECURITY FEATURES
Most companies give discounts based on safety and security devices such as burglar alarms, smoke detectors, sprinkler systems, fire extinguishers, dead bolts, window locks, storm shutters and fire resistant roofing materials. Be sure to mention this when you take out your policy.
3. USING THE SAME COMPANY FOR VARIOUS INSURANCE
If you have your car insurance and your homeowner's insurance with the same insurance company it is possible to save up to 15% on your yearly insurance costs.
4. RAISE YOUR DEDUCTIBLE
Raising your deductible from $500.00 to $1,000.00 can save up to 20% on premiums over a year. Over the course of several years, these savings can really add up.
5. COMPARE RATES WITH OTHER COMPANIES
The exact same policy can vary in price from company to company. Be sure to use an insurance comparison website so you'll get rates from a number of different companies. The quotes should be free and you won't be under any obligation to choose a policy.
6. ALWAYS ASK ABOUT DISCOUNTS
It doesn't hurt to ask about any other discounts that you may qualify for. It is possible to get discounts for senior citizens, military, law officers, and single parents in some cases.
7. PROTECT YOUR POOL
If you have a pool, make sure it is not easily accessible to a child who may inadvertently wander into your yard. Some companies do not like in ground pools with diving boards and could refuse to provide coverage.
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