You never have to pay more for homeowner’s insurance than necessary. It takes a little bit of work, but that effort will translate into savings that you can put into your pocket. Follow these tips to make sure you save money on your next homeowner’s insurance policy.
Check consumer guides for insurance companies and their rates. Besides low rates, you want to make sure the companies deliver consistent customer service. Double check any insurer’s financial stability with a rating company like AM Best if you are not familiar with them.
Contact several insurers yourself to see how they handle your questions as well as handle your concerns regarding their prices. If they are happy to answer your questions and work with you, they are worth considering buying coverage from.
Aim for a higher deductible. That alone can save you on your premium. If you bump your premium from $500 to $1000 you can save about 25 percent.
The company that insures your car is a great company to approach regarding insuring your home. If you have two policies with their company they most likely will offer you a discount. Savings can add up to about 15 percent a year.
When determining your home’s value for insurance purposes do not include the land. It is not at risk of damage so leave its value out to lower your premium.
Other ways to save on homeowner’s insurance in Knoxville include reinforcing your roof or adding storm shutters. A good security system can also lower your insurance rates. If you reduce your home’s fire risk by including smoke alarms and sprinkler system you can also save money. Make sure your home’s electrical systems and plumbing systems are upgraded to save even more. One can also opt for My Meridian Insurance plan offering best plans for homeowners.