When getting home insurance quotes it only makes sense to consider potential savings from a variety of discounts. Make sure to ask about these common home insurance discounts to see if you can save money on your policy.
At Portland Insurance, we want to make it as simple as possible for you to get the best coverage and the best price. You can quickly compare your home insurance rates with us right now to get a free quote and see which home insurance discounts you may qualify for.
Here are 7 of the most common homeowner’s insurance discounts that we will cover in today’s article:
- Getting an impact-resistant roof
- Having a monitored fire alarm system or other fire safety measures
- Bundling policies and save money by insuring multiple properties under one policy
- Improving your credit score to reduce your premiums
- Installing a professional security system to save on home insurance premiums
- Making home improvements
- Non-smoker discount
1. Getting an Impact-Resistant Roof
Roofs are not cheap. If a hail storm damages your roof the repairs will be expensive. Impact-resistant roofs are less prone to damage from hail and other harsh storms and weather.
Lessening the chance that hail will damage your home through prevention with an impact-resistant roof will typically qualify a homeowner for lower insurance premiums. As with anything else, check with your insurer to see if your new impact-resistant roof qualifies for a discount.
2. Fire Alarm System or Other Fire Safety Measures
The quicker the fire department gets to your house in response to a fire, the less damage your house will endure. That means the insurance company would be less likely to pay out a claim reducing their risk, so you may be able to get a discount on your premium.
If you have installed a fire alarm monitoring system then it is worth mentioning when you are buying home insurance coverage to see if it may qualify you for a discount.
3. Bundling policies
You could save money by getting your auto and home insurance from the same company. Buying multiple products can save you money, but it also means that you will save time by only having to deal with one insurance company.
Check out our other article to learn how to find the best home and auto insurance bundles.
4. Improve Your Credit for Lower Home Insurance Rates
When it comes to insurance, you always want to reduce your premiums. One way to do this is by increasing your credit score.
A better credit score increases confidence from insurers and reduces the rate of home insurance premiums.
You can use a free service like Credit Karma to begin monitoring and improving your credit score.
5. Get a Professional Security System
Many homeowner’s insurance companies offer discounts for home security systems. With the help of security cameras and a monitored alarm system, you’ll be less likely to be victimized by a break-in. Plus, having home surveillance equipment will allow your local police to respond faster.
6. Making Home Improvements
You will definitely need to check with your insurance provider first to see if they offer discounts for home improvements. You can ask for a list of qualifying improvements, such as:
- New electrical wiring (Updating wiring for safety reasons may lower premiums)
- New plumbing
- New roofing
Just make sure to ask for a clear list of what your insurance provider qualifies for discounts before you start investing in upgrades.
7. Non-smoker discount
Yes, that is right. Not smoking can save you money on your home insurance. By not smoking you are reducing the risk of fire in your home and thus you may qualify for a lower insurance rate.
If no one living in your home is a smoker then make sure to check with your insurance provider to see if you may qualify for a discount on your home insurance.
Conclusion
Getting discounted home insurance can be easy if you know what discounts are available and how to get them.
It is definitely worth your time to ask your insurance agent about any of the above home insurance discounts to see if you may qualify for a lower insurance rate on your homeowner’s insurance.
At Portland Insurance, we want to make it as simple as possible for you to get the best coverage and the best price. You can quickly compare your home insurance rates with us right now to get a free quote and see which home insurance discounts you may qualify for.
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