Reducing Your Rates
Every insurance company that provides homeowner coverage uses its own package of “special” discounts to market its products to particular types of customers. The following list contains suggestions on how to reduce your rates. Be sure to ask your agent about:
- Non-Smoker Discount – Some insurers offer a discount when all family members are nonsmokers.
- Long-Time Customers – Some insurers offer discounts to long-time customers with no claims history.
- Multiple Policies – If you have your home, auto, liability, and other policies with the same company, it may offer a discount.
- Protection Devices – If you have smoke detectors, burglar alarms, or automatic sprinkler systems, the company may offer a discount.
In addition to the discounts listed above, you may want to think about choosing a higher deductible to reduce your rates. If you have a lien holder, they may require a minimum deductible amount.