Cheap Home Insurance - A Few Tips To Save Money
Home insurance can be a burden to some, but it doesn't have to. There are a few tips that can make it easier for you to get coverage at an affordable price.
#1 - Speak to an agent. The best way to get the most cost-effective policy is by speaking with one of your agents. This way, you'll have someone on your side who will be looking out for your best interests and helping you find the perfect home insurance policy that fits in with your budget.
#2 - Ask about discounts. Some providers offer discounts if you have other insurances such as life insurance or car insurance through them, or if a police officer lives at the house, for instance. These are excellent perks that can help save money on what is usually a pretty hefty monthly bill and it's something to look into before committing to buy!
#3 - Shop around for coverage. It's important to shop around when you are getting quotes to make sure that you are getting the best deal. Some providers specialize in certain types of insurance, so you'll want to talk with a few before committing to one so that you know exactly what is included, what your deductibles will be and how much of a risk you are assuming.
#4 - Put in your claims carefully. Some providers will offer better rates if there aren't many claims filed each year, so it's important to file your insurance claims carefully if you want a cheaper policy.
#5 - Look back at any recent changes. You may notice that some recent changes have affected your rate. If you added someone onto the policy, recently had a new addition built onto your house or if you recently changed your deductible, it could all add up to a cheaper rate moving forward. It's worth looking into if you've seen any changes!
#6 - Consider raising your deductible. This is one of the easiest ways to save money on home insurance. If you are in good with your provider and don't think that there is any risk of major damage occurring, consider raising your deductible a little bit each year until it fits comfortably in your budget and isn't an issue anymore.
#7 - Keep an eye out for discounts. There are often different discounts to try and get. For instance, many people like to sign up for a program called "multiple line discounts", which basically rewards you for having a lot of insurances through one provider. Some providers specialize in certain types of insurance, so it's important to shop around before committing.
#8 - Consider paying yearly instead of monthly. If you pay your home insurance on a monthly basis, consider paying it yearly instead to make sure that you are getting the best deal possible. As long as you are with the same provider and you have a good relationship with them, they will often be able to offer a discounted annual rate or at least a lower monthly rate if you pay annually.
#9 - Avoid having expensive items stolen. Since most home insurance policies cover damage caused by theft, it's something to keep in mind when you are looking for great home insurance rates. If your items cost a lot of money, it's worth checking that they fall under the coverage parameters of your insurance policy and that almost all of the things on your policy list fall under these parameters – especially if you listed them all very carefully in Step #1!
#10 - Consider adding additional coverage. Depending on what your policy covers, you can often get coverage for things that aren't listed on your current home insurance policy. Many insurance companies offer add-on insurance plans that help cover items like this, and the best way to find out about these is to check with your agent.
#11 - Ask for receipts. If you have a lot of expensive household items or are particularly worried about one item making it into the hands of a thief, it's worth checking with your insurance company to see if they will reimburse you if something does get stolen under their cover!
#12 - Don't neglect other insurances. There will be times when you might want to have other insurances, such as life insurance or auto insurance through the same company. The best way to find out about these additional benefits is to check with your agent.
#13 - Reduce costs by tightening up your deductible. Most home insurance policies allow you a small deductible before they start paying out for claims. It's worth checking what the lowest deductible is that you are comfortable with, as it can make a big difference regarding how much you pay for home insurance each month!
#14 – Consider changing your provider. Often, the best way to get a lower rate is to change your current provider. This is something to speak to your agent about, but it can help you save money without having to sacrifice coverage. If your old provider isn't able to give you the rate that you need, look into others and see if they can offer you the ideal deal.
#15 – Ask them about bundling. If you have a lot of insurances from the same provider and don't want to pay multiple bills each month, you might want to ask about bundling. This might be worth considering if you are paying for expensive home insurance, if you are paying extra because your house is empty or if there is an issue with your auto insurance that could be resolved by another policy.
#16- Consider having better coverage bundled. A common thing to do when looking for home insurance is to bundle it with other things like life insurance or car insurance. Life insurance is especially good for this because it can often help prevent a claim and help bring down the cost for your home insurance!
#17 – Ask about discounts at renewal time. If you don't have much time left in your current home insurance policy, it's important to let your provider know. In many cases, they will offer a discount if you renew early – which can be especially important if you are looking for the best home insurance rates.
#18- Look into coverage types. Depending on what kind of house you have and what kind of things are in your house, there are different types of home insurance coverage options that can help protect more of what you own. When choosing a policy with the lowest rates possible, it's worth looking into what kind of coverage is offered and how much it costs each month or year!
#19 – Get quotes online.
Conclusion
Finding the best home insurance rates can be a challenge, but it's definitely not impossible. As long as you know what to ask for and where to start looking, you should be able to get inexpensive home insurance without too much trouble!
#20- Use PolicyGenius for a free quote on the best home insurance rate for your needs. Our marketplace has solutions available through our top-rated insurers for both renters and homeowners. And we'll walk you through the entire process from lead generation to application and onto payment.