Last week we were looking at a few ways to save on your homeowner’s insurance premiums. This week we’re back to add to the list! In addition to the number one way to save when you’re shopping for an insurance policy, which is to compare the rates from leading providers—something simple to do at InsuranceQuoteOnline.com!—there are many other great ways to save.
Here are 5 more ways that you can save big bucks on your homeowner’s insurance policy:
Update Your Tech – The number of technological advancements that’ve been made in the last few years is astounding, and new devices are created every day! Luckily for all of us, many of these gadgets have made our lives safer. Having the most current safety devices in your house, such as carbon monoxide, smoke, and gas detection systems, can wind up saving you some money on your premiums. Devices that are made to detect water leaks or excessive moisture can qualify you for discounts, too.
Go Green – You could save up to 5% on your homeowner’s insurance policy if your home is Green certified by LEED, Leadership in Energy and Environmental Design. LEED certification is the only accepted green-friendly stamp when it comes to saving on your insurance, so make sure you use them!
Start Fresh – Sometimes insurance providers offer discounts for new homeowners. If you’ve bought your house in the last 12 months, you may qualify for a new homeowner’s discount. Additionally, some insurance providers extend this discount to include newly built homes.
Gated Communities – If you live in a gated community, you may be eligible for additional discounts. Insurance providers consider gated communities to be deterrents to thieves, because of the close-knit community setting and the increased likelihood that they’d be noticed. When you’re looking for a new home, consider moving into a gated community so that you can reap both the benefits of additional security and homeowner’s insurance savings.
Grab a Hammer – If something small in your home needs to be repaired or replaced, it’s often better to try to fix it yourself than to file a claim. Filing claims causes your insurance premium to increase, and sometimes the increase that’ll occur in the first and second years alone may cost more than the small repairs would’ve cost to fix in the first place! Homeowners who don’t file any claims often qualify for ‘no claims’ discounts as well, so that’s an incentive. Remember, if you make repairs yourself you should still have a professional inspect and certify that work you’ve done to make sure everything is safe.
Catch back up with us on Wednesday for more homeowner’s insurance savings tips!