Insuring your home is necessary, but it isn’t always inexpensive. Studies have shown homeowners insurance has increased an average of 5 percent a year since 1997. The good news is there are a number of things you can do to save money on your San Diego homeowners insurance.
Raise Your Deductible
When you are willing to pay more money out of pocket on a claim, your insurer takes on less risk, which means you get a lower monthly premium. If you agree to a higher deductible for these potential claims, you will save money on your homeowners insurance.
Pay Small Claims Out of Pocket
The more claims you make on your homeowners insurance, the more you are likely to pay in premiums because you will be tagged as a high risk. To avoid this, take care of small claims yourself and don’t submit them to your insurer. While you may pay more in the short term, you will save with lower rates in the long run.
Avoid Things Insurers Consider High Risks
Anything that could increase the risk of a claim being filed can cause your insurance rates to go up. If you avoid purchasing things for your home such a trampoline, installing a pool, or getting a breed of dog known for being dangerous, it may mean lower insurance rates for you.
Add Safety Features
Adding features to your home that can protect against hazards can lower your insurance bill. For example, many insurers offer discounts if you have a security system. You might also get a discount for having wind-resistant windows, smoke detectors, or water safety system.
Bundle Your Policies
If you get your homeowners insurance from the same agency where you get your cheap car insurance in San Diego, you may receive a discount for bundling, which will lower your overall cost. Insure.com states bundling discounts can range from 3 to 22 percent.
Have other questions about home insurance costs and coverage? Give American Tri-Star a call at 619-272-2100 today. We also offer health, commercial, motorcycle, and auto insurance San Diego residents trust and rely on, so don’t hesitate to speak to us about any insurance concerns you may have. We hope to hear from you soon.