5 Smart Moves That Will Save You Money on Your Home Insurance in Honey Brook

by | Nov 28, 2013 | Uncategorized

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If you live in Honey Brook, you know that the cost of insuring your home can be expensive. In fact, Money Magazine reported that over the past decade the average cost for homeowners insurance has risen 69%. Luckily, there are some smart ways to lower the cost of your Home Insurance Honey Brook. Keep reading to learn what you can do to lower the cost of your premium without compromising your level of coverage.

Combine Policies

Homeowners who decide to purchase their home and auto insurance through the same company can reap some significant savings. According to industry experts, combining your policies can save you around 10% on your overall insurance costs.

Strengthen Security

If your home lacks some type of security measures, your insurance company probably considers you a high-risk customer and is charging you more for your Home Insurance Honey Brook. Tightening up security in your home can bring your costs down considerably. According to the FCIC, doing something as simple as adding dead bolts to all your doors can cut your rates by around 5%. To save 15% or more, install a high-tech alarm system.

Ask About Discounts

Many people aren’t aware of all the insurance discounts they may be eligible to receive. Depending on the company, you may be able to save 10% or more if you’re a senior citizen, stay-at-home parent or a military veteran. Don’t be shy about asking your agent what discounts are available and whether or not you qualify.

Clean Up Your Credit

Most insurers factor in your credit rating when they calculate the quote for Home Insurance Honey Brook. Unfortunately, this means that if your credit isn’t up to par, you’ll be paying extra on your policy. To get a better quote, spend some time cleaning up your credit. Pay off any delinquencies, correct any mistakes on your report and make a concerted effort to pay all bills on time.

Go High-Deductible

If you have enough money in savings, you can cut the yearly cost of your premium by up to 25% by raising your deductible. Experts agree this is the easiest, most effective way to substantially lower the cost of your Home Insurance Honey Brook.

Homeowners insurance is a necessary expense, but it doesn’t have to be an overwhelming purchase. Use the tips above to start saving on the cost of your policy,