Dated: 12/13/2017

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Home insurance helps protect you from any major repairs that you might be unable to deal with on your own. However, your home insurance should not become an unnecessary expense in your homeownership journey. You need to shop around for a home insurance that saves your money. To help you take home insurance that does this, let’s give you 5 tips to help you save money on your home insurance.

  1. Increase the amount deductible

While having a small deductible on your home insurance may seem like a good idea, increasing it may cut premiums by up to 10%. This is a significant cost saving that you can use in other investments.  Talk to your home insurance company and they will help you structure increase your premiums to a level that you are comfortable with. Some of the best insurance companies such as Meridian insurance offer you sound professional advice on this issue. You can check out Meridian insurance home insurance offers on their website,

  1. Combine it with your car insurance

To make the best of your home insurance, it is best to seek both auto and home insurance from the same company. This way you can save up to 15% on your home insurance payments. That’s because the company gets to process both payments at the same time. Besides, getting both insurance gives you the leverage to negotiate for better rates as opposed to when you are only paying for home insurance alone. When you take the two policies together, the company takes it as a sign of goodwill and trust.

  1. Install a security system

Insurance companies will lower your home insurance premiums if they believe you are low risk. How do you lower your level of risk? Well, you can do that by installing a top quality security system. This assures the insurer that some of the risks associated with home insurance are mitigated, hence lowering the premiums for you. Some insurers can give you up to 10% discount just for installing a good security system on top of other mitigating factors such as a sprinkler system.

  1. Establish a long-term relationship with one insurance company

Like every other business out there, insurance companies appreciate long term customers. That’s why you need to use this approach to negotiate for lower home insurance rates. To us this approach, try and stay with your insurance company for at least 2 to 3 years. At that point, you would have the leverage to negotiate for up to 10% deduction in your home insurance rates.

  1. Fix your home before seeking home insurance cover

Insurance companies charge their premiums based on the level of risk. In the case of home ownership insurance, the insurer will charge more if your home looks like it might need repairs sometime in the near future. That’s why by having your home in good condition at the point of registering, you stand a chance to cut your insurance payments by a significant percentage. Those are cost savings you can redirect to other areas of your life.

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Justin Burnham

Justin Burnham is a real estate veteran of over 10 years. As a life-long resident of Orange County, Justin has a deep knowledge of its neighborhoods, schools and business areas. This, along with his s....

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