http://johnphilipinsurance.com/6-ways-to-save-on-homeowners-insurance/
Premiums on homeowners’ policies can cost thousands of dollars a year, but they don’t need to be so pricey. Insurers base their premiums on the square footage of the home, the estimated cost to rebuild it, neighborhood crime and the relative danger of natural disasters — almost all of which are constantly in flux. By reassessing your coverage and taking steps to lower your risk profile, you can keep hundreds of dollars in your wallet.
- Maintain a healthy credit score
- Inquire about discounts - Ask your insurance provider whether they offer a reduced rate for bundling policies, say, a homeowners and an auto policy.
- Increase your deductible - Just a small increase in the amount you’re responsible for should disaster strike can pay off big in premium savings.
- Disaster-proof your home - Simple safety improvements, such as buying a fire extinguisher or installing a smoke alarm or deadbolt lock can reap a discount of up to 5% with most insurers.
- Monitor neighborhood changes - Alert your insurer to any changes in your neighborhood that could lead to a more favorable rating, and in turn, less expensive premiums.
- Pay promptly - Insurers like to know your payments are a sure thing, especially in today’s economy, says Leiman. Signing up for automatic payments that are debited from your checking account can often land a discount.