If you’re like most homeowners, you’ve been noticing your insurance rates consistently increasing year after year. But did you know there are some things you can do to offset the cost of insurance for your home? In this article, we’ll provide you with a few tips to fend off rising insurance costs.
Market Your Home
Take pride in the ownership of your home. Throughout the growing months, insure that your lawn is manicured and
Protect and Raise Your Credit Scores
Insurance rates are predicted by claims and credit scores. Avoid turning in claims with minimal payout. Use your insurance for claims which you cannot afford to pay out of pocket. Do not use your insurance for maintenance and/or small maintenance type losses.
All claims are reported to a central reporting facility and every company shares in clients prior claim history. It is public record and companies use it as a model to determine a families insurance cost.
Other Factors to Consider:
In addition to the topics we’ve already mentioned, these factors may also be impacting your annual insurance costs:
- Roof Age
- Furnace / HVAC condition
- Proper use of wood burning devices
- Alarm systems
Put your auto and home with the same company in order to get an auto/home discount. Also, many carriers will offer a discount if you have life insurance with the same carrier.
Use an Independent Insurance Agency as they have multiple companies to choose from. They can offer options that a direct company or agent who sells for only one company cannot offer.