123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

Cheaper Home Insurance Premium Strategies

By Author: Home Insurance
Total Articles: 30

If your goal for 2018 is to save money, you don’t need to skip your morning latte to ensure extra cash in your wallet. You can try some simple strategies to lower your home insurance premiums instead. We bring you the top 7 ways to get cheaper home insurance:

1. Pay Your Premiums Annually
Many companies will offer a discount if you pay your premium annually rather than monthly. You can set aside a fixed amount every month so that you have the funds ready to pay at the end of the year.

2. Bundle Your Insurance
You can get adequate discounts if you buy your home and auto insurance policy from the same company. The savings can be between 5-15% of your annual premium costs.

3. Rethink Risky Choices
You can’t move your home away from a risky neighbourhood but you can avoid a few things that insurance companies frown upon. For example, skip the swimming pool as it can lead to extensive costs related to injuries and drowning risks. If you’re thinking about getting a dog, know that some breeds like Pitbull and Rottweiler can boost your rates. Also, keeping a trampoline in your backyard will increase your insurance premium as the company sees a threat to your neighbour’s kid who might fall off and break his neck.

4. Add Safety Features
Keeping your home safe and secure is good for you as well as your insurance policy. Installing security systems with burglar alarms, smoke detectors, carbon-monoxide detectors and fire extinguishers can get you significant discounts (up to 20%) on your premiums. If you stay in a disaster-prone area, add features like stronger roofs, shatter-proof windows, storm-resistant doors and storm shutters to save more.

5. Quit Smoking
This is not just good for your health, but also for your home. Insurance companies will lower your premiums when your house is a smoke-free zone. This reduces the risk of a house fire and the damage caused due to it.

6. Buy Smart
If you’re in the market for a new house, consider the insurance costs of the properties you have shortlisted. Also, keep a few things in mind while choosing your home:
• Opt for a home close to a fire hydrant or a fire station
• Buy a newer home as insurance rates are lower because electrical, plumbing and heating systems are less prone to problems and repairs in a new house
• Get a quote for home insurance before you purchase your property to avoid costly surprises

7. Ask for Discounts
When you’re finalizing a policy with your insurance company, ask for all the discounts you qualify for. You can also speak to a broker or an agent to help you look for the best discounts in the market. These can include loyalty discounts, claim-free discounts, senior citizen discounts or even group discounts.

If you want to control your premium costs, review your coverage every year and make necessary changes to your policy as per your home improvements. Also, it will help you understand how the company is raising your limits annually based on the inflation rates.

Beneficial Insurance Solutions is a Leading insurance broker In Canada, that provides the guidance about how to find Cheap Home Insurance Canada and Home Insurance Calgary.

Total Views: 111Word Count: 558See All articles From Author

Insurance Articles

1. How To Choose A Clarinet Insurance Provider
Author: Joseph White

2. Life Insurance Kya Hai Aur Iske Kya Benefit Hai? What Is Life Insurance And What Are Its Benefits
Author: Puran Mal Meena

3. Music Studio Insurance To Start Your Music Studio Business Today
Author: Micheal Jordan

4. All About Insurance Brokerage Firms Sherman Oaks
Author: Absolute Value Insurance

5. Searching For The Best Vehicle Insurance Online? Use These 5 Tips
Author: Bhargav Baweja

6. Identifying The Best Insurance For Musical Instrument Repairers Online
Author: Victor Johnson

7. Run Your Business Successfully With The Help Of Business Interruption Insurance Claims In New Jersey
Author: Donna

8. How To Identify The Best Studio Coverage For You?
Author: Micheal Jordan

9. How A Term Insurance Plan Acts As The Financial Guardian To Your Family
Author: Exide Life

10. Common Mistakes Made By People While Choosing Home Insurance Calabasas
Author: Absolute Value Insurance

11. Why Investing In A Child Plan Is The Most Appropriate Way Of Securing Your Child’s Future
Author: Exide Life

12. 5 Simple Facts To Keep Your Finances Secured For Life
Author: Exide Life

13. Can Nris Purchase Life Insurance In India?
Author: bbindhusingh

14. What You Need To Know About Insurance For Musicians
Author: Micheal Jordan

15. How To Know About The Best Value Travel Insurance
Author: Joanne Finucan

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: