How to Save Money On Homeowners Insurance

In the world of homeowners insurance, the key to getting the best rates is by being a responsible homeowner. Little things you can do to increase your home’s safety and security can go a long way in decreasing your premiums. Here are a few:

— Install a home security system: This is a great way to protect your property, security systems act as an effective theft deterrent. If you get a system that is monitored by a central station, or that is tied directly to a local police station, you may also receive a discount on your homeowner’s insurance premium.

— Install smoke alarms: In addition in helping to save lives in case of a fire, many insurance companies will give you a discount on your monthly premiums for having one. Some insurance companies will also give further discounts if you install more than one smoke detector.

— Multiple policy discounts: Many insurance companies will extend a discount to policyholders that have multiple policies with them (such as auto and homeowner’s). Ask us for a quote for other types of insurance from the insurance company that writes your homeowner’s policy.

— Plan wisely for expansion: If you plan to build an addition to the home or a structure adjacent to the home, like a gazebo, know that you’ll pay more for your insurance, depending on how it’s built. Wood-framed structures cost more to insure because they are flammable. If you go with cement or steel-framing, you’ll pay less since they are less susceptible to damage from fire and bad weather.

— Be mindful of backyard fun: Pools and trampolines can have a significant impact on your insurance costs and add 10% or more to your premium. Be sure you discuss these with your agent.

For protection and peace of mind

When you choose Farmers Insurance, you are partnering with a team of insurance experts who live and work in your community and are 100% committed to providing you with a comprehensive personalized coverage plan at an affordable rate. For home, auto, business, life, and commercial insurance, Farmers has you covered. For more information on our services, give us a call today.