How to lower your home insurance rates

If you’re looking at a higher than normal homeowners insurance rate you may be wondering how you can lower your monthly premium. The good news is there are a few different things you can apply that will help you to get lower home insurance rates. In this article we will go over a few of the basics to hopefully help you secure a better rate on your home insurance policy. 

Ask the insurance agent about discounts

One of the first questions when exploring lower rates might be what discounts are available to you. With each situation being different it’s always best to ask a professional. You may also want to take a look at your current policy’s declarations page. There’s a good chance there is a section on it set aside for discounts. If it looks to empty, you may want to inquire if there are any discounts that apply to you. 

Some of the potential discounts that may be available are as follows;

Multi-policy discount; If you have more than one policy (ie; auto & home) with the same insurance company you may qualify for a bundled discount. Often this can save you a considerable amount of money depending on the home insurance company. 

If you are interested in find out more information regarding bundles, please reach out to one of our wonderful agents. They are experts when it comes to getting clients the best insurance for their individual needs. Call us today 916 313 6100.

Zero claim history discount; Some home insurance companies will view you as a lower risk client if you have never filed a home insurance claim. And in turn they may offer you a discount.

1st time home buyer; Some home insurance companies may offer a discount being that you are a first time home buyer. All insurance companies have different qualifications and rules so it’s always best to ask an agent which companies may offer this particular discount. 

Protective devices; There are some home insurance companies that appreciate when you protect your home and will in turn offer you a discount for doing so. It may be a good idea to look into smoke alarms, fire extinguishers, burglar alarms, and other protective devices. 

Senior discounts; If you happen to be 55 or older you may qualify for a senior discount. This will obviously vary from insurance company to insurance company, so please ask your home insurance agent what companies this might apply to. 

Long term policyholder; Your home insurance company may offer a discount due to your continued loyalty to their company. Typically 5 years or more. 

Talk with your home insurance agent

There are situations where you may notice a change in your bill. Maybe an increase in home insurance coverage and a higher rate. The first step would be finding out what exactly happened. If your insurance agent is available you should speak to them, or you can always contact the home insurance company directly. They should be able to explain why things have changed on your policy and give you advice on how to potentially get your rate a little lower as well. 

The agents at Eugene C Yates Insurance Agency are experts when it comes to getting clients amazing home insurance rates. Not only that, they are incredibly nice people. The make getting home insurance fast easy and affordable. Give them a call today 916 313 6100.

Ask about higher deductibles

The higher your home insurance deductible is, the lower your home insurance premium will be. As well as the lower your deductible is, the higher your home insurance premium will be. If you’re looking to lower your rate you may want to ask the home insurance company if you can raise your deductible. This can be a good way to save money but you should make sure you have some money put away incase the worst were to happen. 

If you have a very low claim history this can also be a very good option to save money on your home insurance. Due to the fact that you will only pay for a deductible in the event of filing a home insurance claim. Not making an insurance claim would mean not running into a deductible.

Disaster proof your house

Some home insurance companies may offer a discount for homes that are disaster proofed. So if you just remolded and put extra precautionary devices in place you may want to mention that to your home insurance company. This can also apply to storm shutters, storm resistant shutters, disaster resistant garage doors, upgraded plumbing and electrical. If you still have questions about what may be included please reach out to one of our insurance agents. Call us today at 916 313 6100.

Change home insurance companies

The best way to know if you have the absolute best policy for the money is to shop around. The agents at Eugene C Yates Insurance Agency have access to some of the best home insurance companies in the industry. Which makes it easy for them to shop around for you to find the best rates for your individual situation. If it happens to be that another home insurance company can offer you a better rate they will be the first to let you know. Call us today at 916 313 6100!