Just like for any other type of policy, your homeowners insurance costs can increase over time. However, there are several ways to keep your premiums manageable and still have the level of coverage you need to feel secure and protected. Something as little as improving your credit score can keep your premiums low.
The following tips will not only lower your home insurance premiums but will also give you peace of mind.
Install a home security system with surveillance cameras that gives you the option of having a third-party monitor your home or allows you to monitor it on your own. Many home security systems also have environmental sensors that inform you if temperatures rise or fall unexpectedly in your home. Home automation is also helpful in getting the lights turned on and off on schedule. A quality home security system can be purchased for less than $300.
Increasing the amount of your deductibles will help lower your premiums and keep them more affordable. The more you are willing to pay out of pocket when you file a claim, the lower your monthly premium will be. You will also be able to save money if you choose to pay your premiums semi-annually or annually. Managing your premiums is much easier when you understand how your deductibles work and the many options you have when it comes to paying them. Moreover, you can adjust your deductibles at any time.
Your homeowners insurance is an investment that will protect your financial security. Before purchasing your homeowners insurance policy, make sure to check out several different ones. Talk to different insurance providers to find out what each one has to offer. You may be surprised at what each one has to offer for the same price. Most of them will give you the option of adding specialty policies for events like hurricanes, floods, or earthquakes. When you talk to an insurance provider, make sure to tell them about all of the different coverages you will need as part of your homeowners policy.
Bundling your home, auto, boat, or other policies together not only minimizes the amount of administrative work but also helps manage multiple policies in one place. Talk to your insurer to learn which policies can be bundled, the premium to be paid, etc.
Lowering your homeowners insurance costs is easy if you know where your risks are and how you can best prevent them. Contact us at Abatelli Insurance to set up a review of your existing policy or to get a quote for a new one. Each of our agents has special training to help you find the right home insurance policy to meet all of your needs at an affordable price.
Car insurance can be quite expensive, especially if you have a certain type of vehicle. However, there are ways to lower your car insurance costs which can save you hundreds of dollars in the long run. Here are a few of them to help you get started.
Whenever you can, park your car in the garage. If you don’t have a garage or carport, try to park your car as close to your house as possible. Make sure it is in an area that is well-lit and in plain sight of surveillance cameras. If you can, put a car cover over your vehicle to protect its paint from external elements and prevent people from seeing inside. It will also give you an additional layer of security if someone tries to break into or steal your vehicle.
If you need to lower your car insurance costs, you may want to rethink your coverage. The only time you really need comprehensive insurance is if you have a loan on your vehicle. This is normally required by the lender who holds the title. Once the car is paid off, you can drop your coverage down to collision coverage or PL/PD coverage if your vehicle doesn’t have much value. If you prefer to keep the more expensive types of coverage, you can offset the cost by readjusting your deductible amount.
One of the easiest ways to lower your premiums is to raise your deductible. However, raising your deductible increases the amount of out-of-pocket costs you will have to pay if you ever file a claim. If you are paying higher premiums with a lower deductible, call your insurance agent and see if you can reverse that and pay more on your deductible and less on your premiums.
Many car insurance carriers are offering a safe driving program. This involves installing a small beacon in your vehicle that monitors your driving habits. The better your driving score, the lower your premiums will be. You can also boost your scores by taking a defensive driving course and turning in your certificate of completion to your insurance agent.
You are required to carry a state minimum amount of car insurance on your vehicle in every state. However, you can lower your premiums by reducing your risk of damage or theft. If you have more questions about how to lower your car insurance costs, contact us at Abatelli Insurance today!