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BUNDLE HOME INSURANCE WITH OTHER POLICIES (home & auto)
If your home and auto insurance policies are with the same insurer, bundling them together in one policy is one of the quickest and easiest ways to save money. You can save up to 20% on your premiums depending on your insurer.
RAISE YOUR DEDUCTIBLE (home & auto)
Your deductible is the amount of money you would pay if you have an incident at with your home or auto and need to make a claim. Raising your deductible decreases your monthly insurance premium.
However, it’s important to note that you should be able to afford your deductible in the event of a claim. For example, if a tree falls onto your roof and sustains $5,000 in damage, and you have a $2,000 deductible, you will be responsible to pay the first $2,000 before your insurance will pay the remaining $3,000.
RAISE YOUR DCPD DEDUCTIBLE (auto)
Your DCPD deductible on any policy is set at 0$, this means that when the third party is at fault in an accident you don't have to pay a deductible. Raising your DCPD deductible means that even if you are not at fault you will still have to pay. This is something you would have to ask for as it is not something offered most brokers like to do as the saving are generally low.
TAKE EXTRA SAFETY PRECAUTIONS (home)
With homeowners insurance, it pays to be prepared! Installing security alarms, smoke detectors, carbon monoxide detectors, deadbolt locks, or water detectors are all ways you may be able to further reduce your insurance premium because it lowers your overall risk.
ASK ABOUT OTHER DISCOUNTS (home)
Don’t smoke? You may be able to save on your insurance. That’s why you should ask about additional discounts that could apply to you. For example, you may qualify for a premium reduction if you are retired, employed by a certain organization, or you and other members in your home do not smoke.
PAY ANNUALLY (home & auto)
Paying your premiums in one yearly payment (if you can afford it) avoids financing or administration fees.
WHEN SHOPPING FOR A NEW HOME (home)
The condition of your home impacts your insurance premium. For example, brand new homes are often less expensive to insure because the heating, plumbing, and electrical systems are in top condition.
Location is also important. Buying a home in a low-crime area, near fire stations, or near regular water sources impacts your premiums. If you’re in the process of purchasing a new home, keep in mind the insurance conditions in order to pay less in premiums.
RE-EXAMINE YOUR POLICY (home & auto)
While it’s definitely best to be prepared, consider which coverage is truly the best fit for your home.
For example, do you live near a large body of water that is prone to flooding? Definitely make sure to have water damage and flood coverage. But if you don’t own a large amount of expensive jewelry or art, you may not need any valuables coverage.
USE TELEMATICS TO SAVE (auto)
It goes without saying that insurers favor drivers with good driving habits—but it’s not just about your driving record.