How Do I Qualify For Discounted Homeowners Insurance?

How Do I Qualify For Discounted Homeowners Insurance

In order to qualify for discounted homeowners insurance, there is a wide range of options available. Homeowners may be eligible for discounts when shopping around for their homeowners’ insurance policy.

It is important to take all of these discounts into consideration and to speak with a local independent homeowners’ insurance agent to see how to qualify for these discounts.

The discounts will not only lower your homeowners’ insurance premium costs, but will allow you to enjoy that extra money to that in-home project you have been putting off. Qualifying for homeowners’ insurance discounts can be as simple as purchasing a few minor home safety products or as complex as lowering your personal credit score.

Bundling

One of the simplest discounts that all homeowners can qualify for is a multi-policy discount.

Bundling your homeowners’ insurance policy with an auto insurance policy from the same insurer will often result in a discount of 10 percent, depending on the state. When speaking with your local independent homeowners’ insurance agent, it is important to ask about multi-policy discounts. It is a simple discount. If you have a car and a home, it only makes sense to take advantage of this.

Home security discounts on homeowners’ insurance policies are available to any homeowner who wants to take strides to make their home a safer place.

Security

Some insurance policies offer discounts for a wide variety of security improvements to the home. Some things that homeowners should purchase to qualify for these discounts include security systems, carbon monoxide detectors, smoke detectors, sprinkler systems, dead bold locks, fire extinguishers, handrails, quality wiring, and well maintained driveway and sidewalk. It is important to consider these aspects when shopping for a homeowner’s insurance policy. Many homeowners own these things but fail to report them to the insurance company, resulting in much higher premiums that they should have.

Credit Score

Another way to qualify for discounts on a homeowners’ insurance policy is improve your credit score. Homeowners’ insurance companies are factoring in credit scores increasingly more regularly when calculating the cost of their policies. Homeowners’ can improve their credit score by paying their credit bills on time and limiting their debt.

Deductable

Raising your deductible on your homeowners’ insurance policy will also lower your homeowners’ insurance cost.  It is important to understand that raising deductibles will save you money on the front end, but it also increases out of pocket costs for some damages to the home. Homeowners’ who are willing to cover the high deductible in the case of damage or property loss will enjoy the discounted price of their homeowners’ insurance policy.

These are some of the basic homeowners’ insurance discounts can qualify for. When sitting down with your local independent homeowners’ insurance agent, homeowners should ask about these discounts as well as asking about any additional discounts the agent may be able to find.

For more home insurance discounts >

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Consumer Guide to Home Insurance

Enhanced Insurance is not written by attorneys. If you’re looking for legal advice, you need to contact a lawyer. Further, insurance practices and forms change constantly and are varied from state to state. For definitive answers in your area, contact a local agent.

While the majority of people want an agent involved in their purchase of insurance, many people want to see if they can save money by buying direct from the insurance company. Others want to try a direct quote to make sure the premium they’re now paying through their local agent is fair. If you want a quote for your coverage, click on the competitive quote button on the right side of this page.

Jim operates an insurance agent network called Insurance Partners, aggregating agents in the Midwest for over 25 years. He was National Agent of the Year for Metropolitan in 1993 and Midwest Agent of the Year for Travelers in 2011. He served as a founding board member of the Surplus Lines Association of Minnesota.

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