$ – Increase the deductible. This can significantly lower your premium.
$ – Combine coverage at one company. Ask if you can get a discount for purchasing more than one policy
with the same company, such as auto and homeowners.
$ – Maintain a smoke-free environment. Insurance companies often lower premiums for households that are
smoke free. However, being smoke free applies to more than just cigarettes.
$ – Install an alarm and other safety features. Since these features help reduce claims, insurance companies
may offer discounts for installing these devices in your home.
$ – Stay with the same insurance company. Some insurance companies give loyalty discounts to customers
who have stayed with the company for years. Ask your agent.
$ – Consider a home systems protection policy. A home systems protection endorsement will cover repairs for
“unexpected breakdowns” of some of your home’s most pertinent electrical systems. While this is a low-cost
increase to your policy, it’s worth considering.
$ – Ask for an insurance review at least every 4-5 years. Your insurance agent can help you identify available
discounts. They will also identify where your current policy may need updating, such as replacement value of
your home.
