How to Best Find Discount Home Insurance

Everyone would like to save a little money.  That certainly includes home owners.  Let’s face it, owning a home is a huge investment.  It sure wouldn’t hurt to save a little money when you can.  Insurance for your home is a place where a lot of people can save money.  Finding discount insurance really isn’t about finding the discount company, but finding the various ways you can save on your insurance.  Here are some things you can do to accomplish this. 

First, you should get at least 3 quotes from different insurance companies.  It really does pay to do some shopping around.  We might think that all insurance companies are alike, but they certainly are not.  You may already have an insurance provider, but it doesn’t hurt to do some looking around.  Who knows, you may uncover some savings with the insurer you’ve already got.

Second, you should look in to combining your insurance coverages.  Many insurance companies offer discounts when clients will combine their home and auto insurance (and sometimes other insurances as well). 

Third, look into securing your home from theft.  This can be something like adding dead bolt locks or joining a neighborhood watch association.  The most significant savings can come from adding a home security system.  That may be as much as a 10% discount.  It won’t take long, at that rate, for such features to pay for themselves.

Fourth, consider raising your deductible.  The deductible is the set amount you would pay on a loss before the insurance company would kick in and start paying.  If you can afford to raise the deductible you will be able to lower your premium rates.  Just think, if you could lower that rate, put the difference in savings, it wouldn’t take long to have the deductible amount set aside waiting for the time you might have to make a claim. 

Fifth, and finally, look into all the possible discounts.  And there are many of them.  Look at home safety features.  These may include automatic sprinkler systems, centralized fire alarms, or fire extinguishers. 

Other discounts may be obtained if you are a member of certain groups or associations.  These may be alumni groups, business or professional associations, and so on.  Also some companies provide discounts to clients of at least 55 years of age and who are retired.  Be sure to inquire about these, you won’t know until you ask.

Oh, and one other thing, be sure that when you are determining the amount of coverage you need for you home, do not include the price of the land on which your home is built.  Insurance is intended to replace what you have in case of loss.  But no matter what loss you may endure with your home, you’ll still have your land.  There’s no need to insure it.