Save Money on Your Home Insurance

Great ways to save money on your home insurance.

If you’re a homeowner, you know just how expensive home insurance can be. If you’re anything like me, you look for ways to save money on your home insurance so you can free up some cash and have more money in your pocket each and every month. If you haven’t been able to come up with any ideas, we’ve got you covered. Here are some of the most effective tips when it comes to saving money on your home insurance.

Insure Your Home Where You Insure Your Car

The first thing you’re going to want to do is take advantage of the multiple policy discounts that your insurance agency offers. You can save quite a bit of money by insuring your car where you insure your home, and insure all of your cars with the same agency. By doing this, you’ll receive a multiple policy discount that will reduce your home insurance premium by quite a bit.

Install a Security System

In addition to insuring your home where you insure your car, you’ll want to install a monitored home security system in your home. By having one of these systems installed in your home, not only will you be adding to the safety of your home, but you’ll be taking up to twenty percent off of your home insurance premiums.

Raise Your Deductible

Make sure that you don’t opt for the lowest deductible possible, but rather the highest deductible you can afford. By doing this, you’ll be lowering your insurance premium, saving yourself even additional money on your home insurance.

Insure Your Home, Not the Land

When you insure your home, insure the home itself, not the land. If your home were to burn to the ground, having insurance on your land won’t do any good since your insurance company will only pay to replace the home, insuring the land is a waste of money.

Stay With Your Insurer

Many insurance companies will offer discounts on your home insurance if you’ve been with them for the long-term. Stay with one insurer and only file a claim if you absolutely have to. This will ensure that you get the best home insurance premium possible.

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