Homeowners Insurance Discounts

Homeowners insurance discounts can help to ease the suffering in difficult economic times. As it can be a rather large expense, slashing your insurance premiums can add up to very significant savings over the course of a year.

There are lots of ways to get discounts, some of which are common and well-known and some are not so well-known. Take a moment to remind yourself of some of the discounts you may have forgotten as well as learn some that you may have never considered.

 

Bundle Your Policies for a Discount

By using the same insurance company to also purchase your car insurance and any other types of insurance that you need can lead to greater discounts. These discounts, depending upon the company and the types of insurance you purchase, will generally be in the range of 5 to 15 percent.

 

Consider Group Discounts

There are many organizations that have deals worked out with particular insurance companies in which their members get a discount. If you are a member of any of the following, they may help you find cheap homeowners insurance.

 

  • AAA
  • AARP
  • Alumni associations
  • Professional associations

 

This is not an exhaustive list and if you are a member of any rather large organization, you should check with the group’s director or board to see if there are discounts available from particular insurance companies.

 

Discounts for Good Customers

Many insurance companies reward the loyalty of their customers. This is generally done through policy renewal discounts. You may find discounts in the range of 5 to 10 percent if you are a customer for three years or more. The time period required and the amount of the discount will vary with each company, but the savings can add up as long as you continue to get satisfactory service.

Don’t take this too far though, if your present insurance company is not meeting your needs and you no longer feel comfortable with them, look around for a better insurer. Quality of protection is more important than a small discount.

 

Discounts with Electronic Payments

In an effort to save paper statements and to cut back on the amount of labor needed, some companies will offer small discounts to those who pay their bill electronically, or have their bank accounts/credit card electronically debited on a specific day of the month. This will generally be one of the smaller discounts, so you must weigh your comfort level with having someone debit your account versus the savings you will actually get.

 

Ask About All Possible Discounts

Each  company will have different discount offers based upon their business policies and associations. It is impossible to list them all for every company as they also may change at any time. When searching for the best rates, don’t forget to ask an insurance agent about all the possible discounts that are offered by their company.

 

Get Rate Quotes

Whether you are in the process of purchasing a home or already have a policy, it is never a bad time to get some quotes. Getting numerous quotes can now be done rather quickly with the internet and comparing the policies and prices can lead to better coverage and big time savings.

You can use our free insurance quote tool on this page to start getting your quotes today. In a matter of minutes you can find out just how much you can save by shopping around and taking advantage of homeowners insurance discounts.

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