Budget-conscious homeowners know there are often ways to save on goods and services, but might wonder when it comes to homeowners insurance, “how much?” Insurance is complicated, and homeowners insurance cost is determined by many factors. Luckily, despite how complex it might seem, there are some ways you can save on your homeowners insurance.
Here are some budget-friendly insurance tips:
Leverage your history
Your insurance company will ask for information about prior insurance history when creating a quote for your homeowners policy. If you’re buying your first home, you likely won’t have prior homeowners insurance history to share.
However, if you’ve ever had renters insurance, you can use this history to your advantage. You may be eligible for a discount on your quote if you’ve never made a claim in the past.
Bundle your insurance policies
Most insurance companies offer discounts for bundling different types of insurance with the same provider. If your homeowners insurance provider offers car insurance, for example, it might be worth it to switch your auto policy to them and bundle.
Standard homeowners insurance policies include dwelling coverage, liability coverage and personal property coverage. However, they might also offer additional coverage at a discount compared to what you pay elsewhere. For example, if you have personal liability insurance with another provider, you may be able to switch and lower your homeowners premium at the same time.
Keep up with renewals
Gaps in insurance history can sometimes equal higher premiums. If you’ve ever fallen behind on payments and had a policy canceled, your new insurance provider may see that as a higher risk and increase your premiums.
As long as you keep any existing policies current, you’re more likely to avoid penalties from a new provider. You may even be offered a discount for being fully insured for a long period of time without gaps.
These are only a few tips for saving on your homeowners insurance policy. Shop around for the best quote, and inquire with an insurance agent about any special discounts you might be eligible for.
About the Author
Tina Broyles, DRE 01009212 & NMLS 91630
Headline: Tina Broyles: Your Expert Real Estate Agent for Fremont, San Jose, and the Bay Area | eXp Realty
Bio:
As a dedicated real estate professional and a long-time resident of the California Bay Area, I have been proudly serving the real estate community since 1987. My mission is to provide my clients with unparalleled professionalism, in-depth market knowledge, and a caring approach that has resulted in a business built almost entirely on referrals.
Your Trusted Real Estate Advisor in the Bay Area
I specialize in the vibrant and diverse real estate markets of Fremont, Campbell, San Jose, Saratoga, Cupertino, Sunnyvale, Morgan Hill, Santa Clara, Mountain View, and Milpitas, CA. With over three decades of experience, I have a deep understanding of these communities and can provide you with the insights you need to make informed decisions.
One of the most consistent compliments I receive from clients is about my responsiveness to their needs. Your goals are my top priority, and I am committed to being there for you every step of the way. I am honored to have been voted "Best of Milpitas" every year from 2000 to 2020, a testament to my dedication to my clients and my community.
About My Business: eXp Realty
As part of the innovative eXp Realty team, I bring a diverse set of skills and a commitment to excellence to every transaction. We leverage cutting-edge technology that is "beyond expectation" to provide you with a seamless and efficient real estate experience. My team and I offer the perfect balance of experience and professionalism to help you achieve your real estate dreams in the Bay Area.
Community Involvement
I believe in giving back to the community that has given me so much. I am a happily married mother of two and a proud grandmother to two beautiful granddaughters, Audrina and Chesney. In my free time, I enjoy golfing, exercising, and my weekly Bible study. I am also passionate about serving the homeless community in Milpitas and supporting our local businesses.
I would be honored to get to know you and your family and put my extensive real estate experience to work for you.
Credentials:
