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We all know we need insurance, especially to protect what is likely our biggest asset: Our home. But did you know you can save money on your home insurance policy?
It’s true. There are ways to save on your home insurance policy – although the old adage still applies that you get what you pay for.
So, if you are looking to save on your home insurance policy, here are three ways to try. Read on:
Compare your home insurance policy
Home insurance rates can vary from company to company so it’s a good idea to shop around so you get an idea of rates from a few different places. You can also ask friends and neighbors about their policies. Or, if you already have an existing policy, ask your insurance agent what they can do to lower the cost. You might be surprised!
You might be eligible for other discounts, like if you are retired, in the military, have a security system or other unique circumstances. It never hurts to ask!
Increase your deductible
Did you opt for a lower deductible when you first got your home insurance policy but you are wondering if it makes sense to get a higher deductible? Chances are, opting for a higher deductible could save you hundreds of dollars a year. Your deductible should be at least $1000 but if you can raise it to $2,000 – or more – you’ll see decreased insurance costs.
Combine your coverage
If you have your home and auto insurance through different companies, you might want to ask yourself why. By purchasing home and auto policies from the same insurance company, you could save up to 20% on your overall costs – which is a nice chunk of change! It could also make claims experiences, much easier.
Lastly, don’t forget the benefits! Price is important, but very few companies offer features on home policies, like Allstate’s Enhanced Package: get cash back every year for being claim free, your deductibles can go down for being claim free, and if you have a claim we won’t raise your rates.
Skip Ivery Agency
At the Skip Ivery Agency, we are proud to be your Allstate agent, and we would love to help you find the right home insurance coverage. Contact us today.
