Home insurance discounts are a great way of saving money. Some companies offer discounts for homeowners, while others give free products. There are many discounts available depending on your circumstances. You can get small discounts by using electronic statements or large savings when you bundle two or more policies.
Home insurance discounts are best when your current policy is close to its expiration date. Most companies will send you renewal notices 30-60 days before your policy expires. Good customers will be able keep their claims records clean, which can reduce your premiums.
Another smart decision is to insure both your vehicle and your house with the same policy. This will not only save you money, but it's easier to track both types of coverage. It also gives you the opportunity to receive discounts that both apply.
Other types of insurance are offered by many home insurance companies. Many insurance companies maintain a list with approved contractors. They may even offer discounts for using certain features of a smart home device. Several insurers partner with smart device manufacturers to offer discounts. Other companies have a "smart home" program, where customers can receive a free device if they install it.
The most obvious discount is a bundled rate. Bundled rates are offered by many insurers. This is for homeowners who have their automobile and home insured with the same company. Call your insurance company well in advance to take advantage of this discount. There are not all insurance companies that will offer you a bundled price, so it's a good idea for you to get quotes.
Other discounts are also offered by insurance companies for homes that have been upgraded. Generally speaking, the highest discount will be awarded for a home that has been upgraded to include a more effective fire alarm, or to install a home security system. It is important to inform your insurance agent about any major home improvements. You may not have informed your agent about any major home improvements.
Insurance companies have a few other tips and tricks up their sleeve. If you have an electronic home safety system installed, many insurers will offer to lower your premiums. Even if your policy does not offer a discount for installing an alarm or another security feature, it is a great way of protecting your family and home.
Finally, make sure you look for the discount on your home insurance in your state. These discounts are usually available to homeowners who have been with the carrier for at least 3 years. You can check with your carrier to see if there are any special programs available for mobile homes, HOAs, and gated communities.
Finding the right discount can make all the difference in your monthly budget. Consider taking a look at the local discounts.