Do you want to know how to get cheap homeowners insurance? It is challenging to find the right insurance company that provides cheap insurance policies. If you want to reduce your Louisville homeowners insurance premium, here are some of the things you can do.
Raise Your Deductible
What is a deductible? It is the amount you pay toward a loss before the insurance company starts paying your claim. Raise your deductible if you want to save more money on your premiums. So, you will pay less. However, some insurance policies have a separate deductible for certain types of damages if your property is in a disaster-prone area. Consider this when looking for a cheap insurance policy.
Make Your House Resistant to Natural Disasters
Talk to several insurance brokers and companies. Ask them how you can make your home more resistant to natural disasters such as windstorms, hail storms, or earthquakes. Want to save on your premiums? Add storm shutters in your property. Reinforce your roof or buy strong roofing materials. If your home is very old, you can retrofit it. Why? It helps the home to withstand earthquakes.
Use One Insurance Company
Buy your car and home insurance from the insurance company. Most insurance companies sell a car, homeowners, and liability coverage together. Buy two or more policies from one of these insurance companies because they take between 5 to 15% off the premium. It is cheaper the buy two policies from one insurance companies than to buy separate coverages from different insurance companies. Use a reputable insurance company.
Invest in Home Security
Improve your home security if you want to get cheap homeowners insurance. Most insurance companies offer a discount of 5% if you have dead-bolt locks, burglar alarm, and smoke detector in your home. Other companies cut their premium by 15 to 20% if you install a burglar and fire alarm that rings fire, police or other monitoring stations. Installing these systems is expensive, but they can help you qualify for a discount. In fact, you will save a lot of money in the long run.
Maintain a Good Credit Record
It is easy to cut your insurance costs if you have a solid credit history. Most insurance companies use credit information to price homeowners insurance policies. How do you protect your credit standing? Keep your credit balances low. Pay your bills on time. Do not get in debt. Check your credit record regularly. If there are errors, correct them immediately.
You now know the best ways of getting cheap homeowners insurance.