To take out a mortgage to purchase a home, you need to pay for homeowners insurance and shopping for a great price with great coverage is essential. You will find that some insurance companies offer more competitive policies and better coverage than others.
Cheaper is not always better and making sure you are well insured for what you need is rule #1. If you are looking for additional ways to reduce your homeowners insurance expenses, here are some quick tips.
Save Money on Homeowners Insurance in Seattle WA
- Raise your deductible. Another way you can reduce the cost of a homeowners insurance policy is to increase the size of the deductible as long as it remains reasonable and affordable. With a higher deductible, you will need to cover more costs out of your own pocket before your insurance kicks in. But the ongoing costs for maintaining your policy will decrease.
- Bundle your insurance policies. Another technique for decreasing rates for homeowners insurance policies is to purchase other types of policies from the same provider, bundling them together. You can ask your insurance company whether there is a discount available for doing this.
- Install a security system. If your home lacks a security system, break-ins are more likely, along with vandalism and theft. With that lower risk profile, you might earn yourself a discount on your insurance.
- Avoid making small claims. Some small claims are not worth making if they raise your premium. So, if you simply do not make small claims frequently, you might have a more competitively priced policy.
- Make upgrades to your house. Upgrading outdated electrical, plumbing and other systems and reporting them to the insurance provider may be enough to help you decrease your rates. You also can make improvements to the structure for earthquakes and materials of your home and property to protect against fires. If the house becomes less vulnerable to damage, it stands to reason that your policy may become more affordable.
- Install smoke alarms and sprinklers. Chances are good that when you purchase a home, it will probably already have smoke alarms and sprinkler systems installed. But there are exceptions, especially in the cases of vintage homes. If you have purchased such a home, try installing these systems and making other improvements to fireproof your home as much as possible. Doing so may help you get a more competitive insurance rate
- Call your insurance agent once a year or when you need to make changes to review your policy and make sure you have the best coverage and value for your money.
As you can see, there are many opportunities to save on your homeowners insurance costs. You just need to spend some time checking quotes and be willing to potentially do some work to improve your home.
Blue Square Mortgage Can Help Get Your Homeowners Insurance Questions Answered and Recommend Great Local Agents
If you have additional questions about homeowners insurance, we are here to help. To schedule a consultation, please give us a call now at (206) 352-6453. We work with customers in Seattle and throughout Washington and Colorado.