Even if you're pleased with the level of service you're receiving from your home insurance provider, you are probably interested in the idea of lowering the amount of your monthly bill. It's possible to accomplish this goal in a number of ways; while many people look to switch companies for a better rate, there's no need to change your provider if you're content with it. Instead, you can make some adjustments to your policy itself or change factors related to your home to receive a discount. Here are three ideas that you can implement.
Quit Your Smoking Habit
Many people associate the process of quitting smoking as being helpful for lowering your life insurance rate, but making this healthy change can also be beneficial to what you pay for your home insurance. When you're a smoker, there's a heightened risk of a fire in your home, thanks to your use of matches or a lighter. Even if this risk is small, you'll typically pay more for your insurance coverage as a result. Provided you're able to quit the habit and stay smoke-free, let your insurance provider know of this change and you'll be rewarded with a drop in your rate.
Beef Up Your Security
Installing a home security system is an effective way to lower your home insurance rate, but if you already have this system or it isn't currently within your budget, there are other security-minded changes you can make that will lower your payments. For example, taking some time to upgrade your exterior doors to ensure they have dead bolts and adding at least one smoke detector per floor can drop your insurance rate by at least five percent. You should aim to have at least one smoke detector on every floor of your home and detectors in each of the home's bedrooms.
Pay In One Installment
Not everyone has enough money in the bank to pay for their year's worth of home insurance coverage in one installment, but if your finances allow you to make this change, you'll end up paying less money by changing your payment schedule. Paying monthly is conventional, but it's common for insurance companies to add a monthly fee for paying in this manner. Talk to a local company (such as Kerr Agency) about paying in one installment at the start of the next billing period and you'll end up with more money in your pocket in the long run.
Share27 November 2015
