Home insurance discounts can help you save money. While some companies may be able to offer homeowners a discount of a small percentage on their premiums, others may give them free equipment. 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.
A home insurance discount can be taken advantage of when your policy is about to expire. Most companies will send you renewal notices 30-60 days before your policy expires. You should be able maintain a clean claims record, which will reduce your premiums, if you are a good customer.
A smart move is to have your car and house insured on the same policy. This will not only save you money, but it's easier to track both types of coverage. You can also take advantage of discounts that are applicable to both.
Insurance companies that specialize in home insurance also offer a variety of other types. Many agencies have a list if approved contractors. Some may offer discounts when you use certain features on your smart home device. Several insurers partner 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.
Bundled rates are the most popular discount. Many insurance companies offer a bundled rate. This rate is lower for homeowners who insure both their home and car with the same company. You should contact your insurer in advance to get the best discount. Some insurers won't offer a bundled rate. It is worth comparing rates.
Insurance companies also offer other types of discounts for new and improved homes. A home that has been equipped with a fire alarm system, or security systems, will get the most discount. Your insurer should be notified of any major renovations or improvements you make to your home. Your agent might not know about your upgrades. You'll want to ensure you get the best rate.
Insurance companies may have some additional tricks and tips. If you have an electronic home safety system installed, many insurers will offer to lower your premiums. Even if you don't qualify for a discount on your policy, an alarm system or any other security feature can be a great way to protect your family members and home.
The home insurance discount in your state is also available. Most homeowners can get these discounts if they have been with their provider for at least three consecutive years. Check with your carrier and see if they have any special programs for those who have a mobile home, are in an HOA, or are in a gated community.
The right discount could make a huge difference to your monthly budget. You can take a moment to search for discounts in your local area.