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 available depending on your circumstances. These discounts range from small discounts when using electronic statements to big savings when bundling multiple policies.
Home insurance discounts are best when your current policy is close to 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.
A smart move is to have your car and house insured on the same policy. This will not only help you save money, but it also makes it much easier to track each type of coverage. It also gives you the opportunity to receive discounts that both apply.
Many home insurance companies also offer many other types of insurance. Many agencies have a list if approved contractors. They might even offer discounts to customers who use certain features of smart home devices. 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 offer the most obvious discount. Many insurers offer a bundled rate, which is a lower rate for homeowners who insure their home and automobile with the same company. To get the most out of this discount, you should call your insurer well in advance. You won't get a bundled rate from all insurers, so it is a good idea to compare quotes.
Other discounts are also offered by insurance companies for homes that have been upgraded. A home with an upgraded fire alarm system or home security system will receive the largest discount. It is important to inform your insurance agent about any major home improvements. Your agent might not know about your upgrades. You'll want to ensure you get the best rate.
Insurance companies have other tricks and tips. Many insurers will lower your premiums if the system is connected to an electronic home security camera. Even if the discount is not available on your policy, having an alarm and other security features can help protect you family and your home.
Finally, be sure to look for the home insurance discount for your state. Most homeowners can get these discounts if they have been with their provider for at least three consecutive years. Your carrier may have special programs for customers who live in mobile homes, in HOAs or in gated communities.
You can save money on your monthly expenses by choosing the right discount. Take a few minutes to research the discounts in your area.