7 Sure-fire Ways Of Reducing
Your Home Insurance
by Bill Smith
Home security improvement
All insurance companies will happily offer you a discount for burglar alarms and
smoke detectors. Homes with fire and burglar alarms that communicate with a
third party monitoring company receive a higher discount on their insurance
When possible, choose a higher deductible
To reduce your premium, it is best advised to increase the deductible to the
extent you can afford. Your home insurance premium will fall by as much as 20%
if you increase the deductible from $200 to $1000.
Multiple insurance - Same provider
If you consolidate your home insurance and auto insurance with one insurance
company, expect a premium reduction between 10 - 15%. This also means you are
making one payment for all your insurance needs. Consolidate and win.
Discount for non-smokers
Some home insurance companies will offer a non-smoker discount to the tune of
15%. Check with your insurance company if they offer a non-smokers discount.
How far is the fire station? If you live more than 5 miles from the nearest fire
station and more than 1,000 feet from a fire hydrant, you can expect a higher
premium. Also if you live in the country, you will probably pay higher insurance
rate than if you were living in the city.
Type of construction
The construction type of your home also plays an important role in determining
your insurance premium. A wood frame home will cost more to insure than the one
built mostly of concrete.
Claims free record and renewal discounts
If you have not had a claim under your current home owners policy for the past
3-5 years, you will get a 15% discount on your premium. Expect additional
discount if your policy has been in force with the same insurance company for 3
years or more.
I am hopeful you have gained preliminary knowledge on the subject of home
insurance premiums. With these helpful tips you will be able to understand and
demand discounts on your home insurance premiums. Good Luck!
Bill A Smith is an insurance agent and insurance advisor for Sunshine home and
auto insurance services. Bill has over 10 years of experience in providing
insurance services to clients. Sunshine Insurance Services provides auto, home,
health and life insurance to businesses and individuals. Visit us at