5 tips to lower home insurance rate. It’s no secret that most Florida insurers have raised home insurance premiums in 2021. Many homeowners are desperately looking for ways to lower their policy prices without leaving their biggest investment unprotected.
Here are some helpful tips to help you lower your insurance premium payments:
- Raise the deductible
The lower the deductible in a contract, the more risk the insurer assumes. A risk that the company has an impact on premium payments. Increasing the deductible, which is the amount of money that you are willing to pay in the event of a claim, lowers the price of the policy. If you have a deductible of $ 600, you can try increasing it to $ 1200 and thereby reducing your premium by about 15%.
- Update the roof and windows
You can talk to your insurance agent to share some requirements to take into account when updating your roof, so that said remodeling has a positive influence on the price of your policy. Some insurers offer discounts when installing hurricane shutters or if you replace existing windows with impact windows.
- Make the house safer
You can also positively influence your insurance if you install smoke detectors, burglar alarms, security cameras, and motion sensors in your home.
- House and car under the same insurer
Gather auto and home insurance policies in the same company. Many insurers offer significant discounts if you bundle all your insurance with them.
- Compare the prices
The insurance market is vast. Stay informed. Look for alternatives with other insurers. Sometimes the difference between one company and another can exceed $ 1,000 per year.
If you think you are paying a lot for your home insurance, contact Univista Insurance specialists and they will advise you on the steps to take to lower your coverage price without leaving your biggest investment unprotected. 5 tips to lower home insurance rate.