How to Save Money on Home Insurance？
According to survey data, the average cost of home insurance in the United States is $ 964, and the cost of home insurance varies among states due to the natural environment.
So, are there any tips for saving money? Here are a few:
Compare the prices
You can ask your friends, search the yellow pages, search consumer guides, consult insurance agents, shop around and find out which insurance company is cheaper. But in addition to considering the price, you should also pay attention to whether the insurance company can provide high quality services when you need assistance with claims.
Some states will provide customers with the frequency of complaints against insurance companies. You can check the information for these complaints, or you can discuss them with insurance companies to have some understanding of the quality of their services.
Increase the deductible
The deductible is the amount you have to pay for the loss before the insurance company starts to claim according to the insurance conditions, so a higher deductible means you save more insurance costs. Most insurance companies now recommend a deductible of at least US $ 500. If you can increase the deductible to US $ 1,000, you will save 25% on insurance costs.
However, if you live in a disaster prone area, it is best to have separate deductibles for the particular types of losses in your insurance terms. For example, if you live near the east coast, you'd better buy a separate storm franchise.
Distinguish between paying for a house and rebuilding cost
When deciding on the amount of insurance, do not include the value of the land, as the land under the house poses no risk of theft, storm, etc., otherwise you will have to pay higher insurance costs than real.
Insist on choosing the same insurance company
If you have been insured with the same insurance company for several years, you can be considered as a long-term insured and benefit from special discounts. Normally, if you insure yourself for three to five years with an insurance company, you will benefit from a 5% discount on insurance costs; if you have been insured for more than six years, you will receive a 10% discount on insurance costs.
Home and auto insurance bundle
If the insurance company you have purchased is not bad, you may want to consider taking out home insurance together in other homes, usually insurance companies give price reductions of 5% to 15%.
