There are certain bills you must pay each month that you cannot change, such as your mortgage payment and utility bills, but there are other types of monthly expenses you have some control over. Homeowner's insurance is one of these expenses that you can control to some extent, and here are some of the top ways to save money on your homeowner's insurance policy.
Keep a high deductible
The deductible on your policy is an important part of your home insurance premium, and changing this amount will affect the amount you spend on your home insurance. If you want to save money on your policy, you can easily do so by increasing the deductible on your policy. For example, if you currently have a $1,000 deductible, you could consider raising it to $2,000. If you currently have a $500 deductible, raising it to $1,500 might be a wise decision. No matter what you have as your deductible amount right now, raising it will result in money savings on your policy.
Bundle your policy with other insurance policies
Another good way to decrease your premiums on your home insurance is by bundling it with all your other insurance products. For example, if you currently have your car insurance with another agency, switch it so that one agency offers coverage for both your cars and your home. You will save money when you bundle, and it could be a significant amount of money.
Keep your home well-maintained
The other thing you should do is keep your house well-maintained. By doing this, your chances of filing a claim will decrease, and your insurance company may reward you for this reason. Each time you complete any type of task or project around your home, let your insurance company know. For example, if you replace the roof on your house, call the company and tell them. They will probably give you a discount for this, because there will be a lower chance of you filing a claim for water damage or roof problems.
Saving money is important to most people, and you can save money on your homeowner's insurance with the right choices. If you have not sought out quotes from home insurance agencies in the past year, you may want to do this now as another way to find the best rates and save money on your homeowner's insurance. To learn more, check out websites like http://olynorthwest.com/.