Over the past ten years, home insurance rates have increased approximately 50 percent nationwide. The reason for this is due in large part to the increase in home values, which means it costs more to replace or repair a home or property. When you take the time to make adjustments to your home insurance policy, you’ll be able to keep all the related costs under control and ensure they stay as low as possible. Here are six ways to lower your home insurance rate, brought to you by the experts at Altra Insurance Services, a leading provider of homeowners insurance San Diego residents rely on for high-quality service and affordable coverage.
1. Keep an Eye Out for Discounts
This is perhaps one of the most common and popular methods for keeping home insurance rates low. Take the time to speak to your agent about any and all available discounts you may be able to take advantage of. For instance, you may be able to utilize a loyalty program or even bundle multiple types of policies as a way to keep your rate as low as possible.
2. Get Rid of Older Structures
If you have any older structures, such as an old shed, on your property, you’re more than likely paying for them as part of your home insurance policy. Consider removing these types of structures if you’re no longer using them, as this may help you save money on your premiums.
3. Improve Your Home’s Security
Another option that may save you money on your home insurance rate is adding burglar alarms, deadbolts, and hardwired smoke detectors. Before taking this step, speak with your insurance agent to determine whether you’ll be able to save money on your rate by doing this.
4. Make Improvements to Your Credit Score
An insurance company will always take a look at your credit score, and if they see your credit is bad, you’ll end up having to pay a higher premium because they’ll consider you a high-risk customer. On the other hand, having a good credit score may do exactly the opposite. You can improve your credit score by taking steps such as paying off your credit card bills and reducing your overall debt-to-income ratio.
5. Pay Your Home Insurance Bill in Full
It’s no secret that many insurance companies charge fees for making monthly payments on home insurance bills. Paying your yearly bill in full may lower your rate and save you money on your premium.
6. Get Rid of Brush and Trim All Trees Around Your Home
Performing these tasks is one of the best ways to reduce the risk of damage from a wildfire, and increasing the amount of defensible space around your home often results in lower home insurance payments. If you have any trees that are either dying or already dead, get rid of them as soon as possible to prevent them from falling and causing extra damage. Additionally, take the time to get rid of any brush around your home.
Following the tips above can help you save money on your insurance costs. For reliable, affordable homeowners insurance, San Diego homeowners know they can trust Altra Insurance Services. We also provide renters, commercial, motorcycle, and auto insurance. Request a free quote by calling one of our friendly agents today at 619-474-6666.