Did you just get your home insurance bill in the mail and have a bit of a heart attack when you saw the total? Home insurance costs tend to creep up on you. But you don't have to go on paying an arm and a leg! Here are four ways to lower your home insurance premium costs.
1. Ask for a quote from your car insurance company
A few decades ago, some companies sold car insurance, and others sold home insurance. Few sold both. But times have changed, and now most insurance companies sell both car and home insurance. If you buy both policies from the same company, you will often save money. Call up your car insurance company and ask them for a home insurance quote. They may also give you a deal if you have been their loyal customer for many years.
2. Raise your deductible
Take a look at the deductible on your policy. If you have a very low deductible, this could be why your premiums are high. Raise your deductible, and you should see a decrease in premiums. Do make sure you have money on hand to cover the deductible in case you need to make a claim. For instance, if you increase your deductible to $2,000, make sure you could come up with $2,000 in an emergency.
3. Ask about discounts for certain organizations
Are you a member of a private or government organization or trade union? Call your home insurance company and ask if they offer discounts for members of your organization. Many companies do -- and they may give you a discount for asking, even if this is not their regular policy. If your company does not offer discounts for organization members, ask other members of your group who they use for insurance. They may know of a company that will offer you a better discount.
4. Upgrade your home's safety
Insurance companies base their premiums on risk. If your home is not overly safe or secure, you are more of a risk; therefore, your insurance costs will be higher. Some simple things you can do to make your home more secure include installing security cameras, placing security film over the windows, and upgrading your smoke detectors. Call your home insurance company and ask what upgrades you can make to qualify for a lower rate.
Spend a few hours focused on savings, and you can avoid paying too much for insurance. For more information, contact a company like Cypress Insurance.