What Can I Do To Lower My Home Insurance Rates
Homeowners Insurance is something that you will need if disaster ever strikes; however, there are a few things you can do to lower your insurance rates. Here are 7 tips brought to you by your friends at Gloria Nilson & Co. Real Estate that could help you save money on your insurance bill.
1. Bundle: If you bundle your cell phone service, internet and cable you can save money. The same can be said with homeowners insurance. Call up your insurance company and find out if they offer discounts by adding in your automobile insurance and other insurances.
2. Don’t be afraid to drop: If your insurance provider isn’t giving you best deal, don’t be afraid to search around for a better rate. Comparing your rates with what other companies can offer on a yearly basis has a huge potential of saving you money.
3. Sticking isn’t so bad either: Sometimes if you are a long term customer your insurance company will offer exclusive discounts. If you find a better price, you can call up your current insurance provider and find out if they can do better. Sometimes they can.
4. Fire Breaks: If you live in an area that has the potential for wildfires, make certain that you follow good fire break procedures. If you are not certain about how to keep your vegetation away from your home, a call to the New Jersey State Forestry Service will answer any question.
5. Your deducible isn’t set in stone: Depending on your insurance plan, you have a certain deductible. If you have access to cash you might consider boosting your deducible. You will pay more on your deductible if there is a catastrophe, but you will spend less per month. Talk it over with your insurance company. Make certain you are realistic; you do not want to set your deductible so high that you cannot afford to pay it.
6. Time for your credit report: Often, your insurance premiums are based on your credit report. If you have large amounts of credit card and other debts you will be paying for it in insurance. If there are red flags, you will be charge more. Unfortunately, credit reports are not always correct. It is good to get in the habit of checking. If you have errors on your report, or bad credit it is time to make corrections or change your spending habits.
7. Increase your security: If your home has old aluminum wiring, an update to copper wiring will make your home safer from a fire. If you don’t have dead bolts, add them in this will increase your homes security. If you want more a security system is the way to go. After any security improvement, contact your insurance company.