Home insurance discounts are a great way of saving money. Some companies are able to provide homeowners with a small percentage off their premiums, while others may offer free devices. There are many discounts you can choose depending on your specific situation. These include small discounts for electronic statements and large savings for bundling more than one policy.
You should take advantage of home insurance discounts when your current policy is approaching its expiration date. Most companies will send renewal notices within 30-60 days of your current coverage ending. If you're a good customer, you should be able to keep your claims record clear, reducing your premiums.
It's a smart idea to insure both your car AND your house under the same policy. It will save you money and make it easier to track both types. It's also an opportunity to take advantage of discounts that apply to both.
Home insurance carriers also offer a plethora of other types of insurance. Many providers have a list approved contractors. Some might offer discounts for certain features of a smart-home device. Many insurers work with smart device manufacturers to offer discounts. Another company offers a "smarthome” program that allows customers to receive a device for free if they install it.
The most obvious discount is a bundled rate. Many insurance companies offer a bundled rate. This rate is lower for homeowners who insure both their home and car with the same company. To get the most out of this discount, you should call your insurer well in advance. Not all insurers will give you a bundled rate, so comparing quotes is always a good idea.
Insurance companies offer discounts for improved and new homes. A home that has been equipped with a fire alarm system, or security systems, will get the most discount. Your insurance company should know about any major upgrades or renovations that you have made to the home. Your agent might not know about your upgrades. You'll want to ensure you get the best rate.
Insurance companies have a few other tips and tricks up their sleeve. Insurers will often reduce their premiums for you to install an electronic security system in your home. Even if your policy doesn't have a discount, having an alarm or other security feature is an excellent way to protect your family and your home.
Finally, be sure to look for the home insurance discount for your state. In most cases, these are available to homeowners who have been with their carrier for at least three years. You can check with your carrier to see if there are any special programs available for mobile homes, HOAs, and gated communities.
The right discount could make a huge difference to your monthly budget. Take a few minutes to research the discounts in your area.