A high premium rate on your homeowner’s insurance can really hurt in how much you pay out of pocket month to month. The good news is that you can affect how high this rate will be by putting a little extra effort in. The following examples will help you save on homeowners insurance rates in ways that you would expect to be possible.
Unexpected ways to save on homeowners insurance
Work on Home Security to save on homeowners insurance
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Believe it or not, something as simple as installing a home alarm system can cause inspectors to lower your rate. This includes even other home security improvements such as the following which can save you as much as 5 percent on the rate.
- Smoke Detector
- Dead-bolt locks
- Carbon Monoxide Detector
- Simple Burglar Alarm
If you want to save as much as 15 or 20 percent on the premiums, then you can install more sophisticated devices. This might include sprinklers, fire alarms, and a burglar system that will immediately ring at the local police station in an emergency. Of course, the rates by state can vary widely, so you should ask your insurance provider for advice here to make sure these purchase give you maximum savings.
Keep Up with House Maintenance to save on homeowners insurance
It’s also important that you make sure any parts of your house that have exposure to the outside are up to date and in good repair. This includes any of your windows, doors, your roof, or any other external item. Installing window grates on floor level windows can help as well. According to the Insurance Information Institute, homeowner’s insurance rates are rising in general. A lack of response to burglary prevention by homeowners often plays a big role in this.
Keep Your Insurance Provider Honest to save on homeowners insurance
Insurance companies will often jump your insurance by 5 percent without really telling you why. Fortunately there are various things you can do to, such as calling them up and demanding to know why your rates were raised. After all, every time you’re due for a renewal, you can consider other companies. Demanding these answers will make it easier when you do your shopping around.
Train Your Dog to save on homeowners insurance
Believe it or not, a lot of insurance companies will raise your rates right away if they know you have a dog. This is because of the risks associated with a dog biting, maiming, or even killing other people on the property. In 2011, dog bites made up over a third of all homeowners insurance liability claims, according to the III. This was almost $479 million dollars altogether! You have to bet that insurance companies take this seriously. But if you present the companies with prove that your dog is trained, then this could make them lower the rate.
It’s essential to look up your particular state and get good information on its various insurance costs. By doing a “rate my state” analysis, you can determine whether your state has higher premiums. If this is the case, it’s especially important that you find any way to save in homeowners insurance that you can.