Home insurance discounts are a great way of saving 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 available depending on your circumstances. These discounts range from small discounts when using electronic statements to big savings when bundling multiple policies.
The best time to take advantage of a home insurance discount is when your current policy is nearing 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.
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. It also gives you the opportunity to receive discounts that both apply.
Many home insurance companies also offer many other types of insurance. Many companies have a list that approves contractors. They might even offer discounts to customers who use certain features of smart home devices. Many insurers work 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. To get the most out of this discount, you should call your insurer well in advance. All insurers may not offer a bundle rate. Therefore, it is important to get multiple quotes.
Other types of discounts may also be offered by insurance companies to homeowners who have recently improved their homes. A home that has been equipped with a fire alarm system, or security systems, will get the most discount. Your insurance company should know about any major upgrades or renovations that you have made to the home. Your insurance agent may be unaware of the upgrades, so you'll want to make sure you get your best rate.
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 doesn't have a discount, having an alarm or other security feature is an excellent way to protect your family and your home.
Finally, be sure to look for the home insurance discount for your state. These are typically available to homeowners who have been with their company for at most three 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.
You can save money on your monthly expenses by choosing the right discount. Consider taking a look at the local discounts.