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How to Save Money on Home Insurance

While it may seem like a viable option to lower your property insurance coverage to save some money, this may end up costing you big in the long run. If your policy limits are too low, the cost to fix your home may exceed your limits.

Limits on your homeowner’s insurance are established to protect your family in the event that something goes wrong. In an effort to remain protected while saving money, consider the following tips:

  • Increase your credit score by paying your bills on time and always paying at least the minimum payment due.
  • Avoid filing nuisance claims. Use your coverage to protect against losses that you cannot recover by yourself. Take care of minor incidents on your own.
  • Increase your deductible to lower your monthly premium. According to the Insurance Information Institute, increasing your deductible from $250 to $500 can cut costs by 12 percent.
  • Consider buying multiple lines of coverage from the same carrier to get discounts. Many carriers offer discounts for bundling homeowners and automobile insurance, for example.
  • Install a security system. This safety measure reduces the likelihood that intruders will be able to enter your home, which reduces the likelihood that you’ll file a claim.

Contact Consolidated today for a homeowner’s insurance quote.