Negotiating Your Way To Lower Homeowners Insurance Rates
Every homeowner should have their own insurance policy in place to protect themselves from various disasters like fires, damage from a fallen tree, or a busted water pipe.
If you have cable and Internet at home, you're probably familiar with how companies now allow you to "bundle" your services together to get a lower monthly payment. Many larger insurance companies offer this as well. Ask your agent about adding in car insurance and even life insurance to get a less expensive premium.
Some people may not want to pay a higher deductible when it's time to file a claim, but when it comes to getting a lower premium, higher deductibles will usually result. If you have a higher deductible, your overall cost each month should be reduced significantly. In fact, some homeowners who choose a much larger deductible in the range of about $10,000 can save as much as 35% on their homeowners insurance bill in many cases.
Once you've found and decided to stick with one insurance company, find out if they offer any discounts to customers who hold a policy with them for a certain period of time. Companies appreciate loyal customers, particularly those who are making recurring payments. While they may not offer you this discount outright, if you contact them and they see you have a history with them, there may be options for you to get lower rates.
Inform of Updates
If you've gotten a new roof, new windows, or a new HVAC system recently, let your homeowners insurance company know. Many will give you discounts for making major improvements and upgrades. The insurance company will probably ask to see a copy of the bill or invoice, so have it ready to show them proof. If you're doing things to improve the overall structure and
Maintain Good Credit
Many insurance companies look at the policy holder's credit score as a measure of risk. If you have good credit, make sure the homeowners insurance company knows this. In some cases, they can run your credit score or report and be able to add in more discounts for customers with good to excellent credit ratings.