Homeowner Insurance Cheap: 10 Surprising Ways to Save 9,000 Bucks

Are you looking for ways to save money on your homeowner's insurance? If so, you're in luck. In this article, we'll share 10 surprising ways to save 9,000 bucks on your homeowner's insurance policy.

1. Bundle Your Home and Auto Insurance

One of the easiest ways to save money on homeowner's insurance is to bundle it with your auto insurance. Many insurance companies offer discounts for bundling your policies, so it's worth checking to see if you can save money by doing so.

Average Savings: $500 per year

2. Increase Your Deductible

Your deductible is the amount of money you have to pay out of pocket before your insurance coverage kicks in. Increasing your deductible can lower your premium, but it's important to make sure you can afford to pay the deductible if you need to file a claim.

Average Savings: $100 per year for every $500 you increase your deductible

3. Install Security Features

Installing security features, such as a burglar alarm or deadbolts, can help to reduce your risk of being burglarized. This can lead to lower insurance premiums, as insurance companies view homes with security features as being less risky to insure.

Average Savings: $50 per year

4. Improve Your Home's Condition

Taking steps to improve your home's condition, such as making repairs or upgrades, can also help to lower your insurance premiums. Insurance companies view homes that are in good condition as being less risky to insure, so they are more likely to offer lower premiums.

Average Savings: $100 per year

5. Shop Around for Insurance

It's important to shop around for homeowner's insurance to make sure you're getting the best rate. There are many different insurance companies out there, so it's worth taking the time to compare quotes from several different companies before you make a decision.

Average Savings: $300 per year

6. Ask for Discounts

Many insurance companies offer discounts for a variety of things, such as being a loyal customer, having a good credit score, or being a member of certain organizations. It's worth asking your insurance company about any discounts that you may be eligible for.

Average Savings: $50 per year

7. Raise Your Credit Score

Your credit score is a factor that insurance companies use to determine your insurance premiums. A higher credit score can lead to lower insurance premiums, so it's worth taking steps to improve your credit score if you want to save money on your homeowner's insurance.

Average Savings: $50 per year for every 50 points you increase your credit score

8. Take Home Inventory

Taking a home inventory can help you to get a more accurate estimate of the value of your belongings. This can be helpful if you need to file a claim, as it will help you to document the value of your belongings and get a fair settlement from your insurance company.

Average Savings: $100 per year

9. Consider Adding Riders to Your Policy

Riders are optional add-ons to your homeowner's insurance policy that can provide additional coverage for specific items, such as jewelry, collectibles, or flood damage. Adding riders to your policy can increase your premium, but it can also provide you with peace of mind knowing that your belongings are protected.

Average Savings: Varies depending on the rider and the amount of coverage you purchase

10. Get a Homeowners Insurance Quote from a Trusted Source

Getting a homeowners insurance quote from a trusted source is important to make sure you're getting the best rate. There are many different ways to get a homeowners insurance quote, so it's worth doing some research to find a source that you trust.

Average Savings: Varies depending on the source and the amount of coverage you purchase

Conclusion

By following these tips, you can save a significant amount of money on your homeowner's insurance. So what are you waiting for? Start saving today!

Tips and Tricks

Here are a few additional tips and tricks for saving money on your homeowner's insurance:

• Make sure you're getting all the discounts you're eligible for. Many insurance companies offer discounts for a variety of things, such as being a loyal customer, having a good credit score, or being a member of certain organizations. It's worth asking your insurance company about any discounts that you may be eligible for.
• Consider raising your deductible. Your deductible is the amount of money you have to pay out of pocket before your insurance coverage kicks in. Increasing your deductible can lower your premium, but it's important to make sure you can afford to pay the deductible if you need to file a claim.
• Shop around for insurance. It's important to shop around for homeowner's insurance to make sure you're getting the best rate. There are many different insurance companies out there, so it's worth taking the time to compare quotes from several different companies before you make a decision.

Compare Pros and Cons

Here is a comparison of the pros and cons of each of the 10 tips listed above:

Questions to Ask Yourself

Here are a few questions to ask yourself to help you save money on your homeowner's insurance:

• Am I getting all the discounts I'm eligible for?
• Could I afford to pay a higher deductible if I needed to file a claim?
• What security features could I install to reduce my risk of being burglarized?
• What repairs or upgrades could I make to my home to improve its condition?
• Have I shopped around for insurance to make sure I'm getting the best rate?
• What riders could I add to my policy to provide additional coverage for specific items?

By answering these questions, you can make informed decisions about your homeowner's insurance coverage and save money on your premiums.