3 Tips to Lower Your Homeowner's Insurance

Monday, October 7, 2013 by under Security, Top Tips

Did you know that you could be eligible for additional homeowner's insurance discounts simply by ramping up security measures?

It's true; many insurance companies offer incentives for homeowners who take security seriously. Below, we outline three ways you can save.

1. Neighborhood Matters

The neighborhood you live in gives weight to what your insurance premiums are. Those individuals who live in gated communities have lower rates than those who live in neighborhoods with a moderate-to-high crime rates. If you are in the process of looking for a new home, keep in mind that location matters.

2. Extra Protection for Storm-Prone Areas

Do you live in an area that is prone to tornadoes, hurricanes or flooding? Rates are inherently higher in areas at risk for natural disasters. However, you can bring that rate down by taking preventative measures.

For example, install reinforced roofing and storm shutters to protect yourself, and save money. Or, if you live in an older home, renovate to reinforce the structure and keep the house durable.

3. Preventative Security Measures

Simple solutions such as a security alarm or deadbolt doorway can save you a minimum of 5% on insurance premiums. Further discounts of up to 15% -20% are possible with more in-depth, monitored systems.

Insurance companies encourage you to take these extra measures to reduces your risk of incident and lessen the likelihood you'll file a claim. For more information speak with your prospective or current insurance provider to see what discounts they can offer.

See our post for more ways you can save money with a home security system.

Do you qualify for additional homeowner's insurance discounts?

Image Source: Woodleywonderworks via FlickR


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