Can You Save Money on Your Homeowners Insurance?

Can You Save Money on Your Homeowners Insurance?

Homeowners insurance doesn’t have to be as costly as you might think, especially if you use these great tips.

The price you pay for homeowners insurance may vary by hundreds of dollars depending on the size of your home and the neighborhood and the insurance company from which you purchase your policy. But the price they give you may not have to be the price you pay. Here are a few tips on how you can save money on your homeowners insurance policy.

Increase Your Deductible

A deductible is the amount you pay before your insurance kicks in to cover the rest of the payment. The higher your deductible, the less you pay for your premium. Just make sure you can afford the deductible before you increase it to avoid any complications.

Bundle Your Home and Auto Insurance

Most insurance companies sell both home and auto insurance. As an incentive to buy from them, most will offer discounts if you purchase multiple insurance policies. Bundling your home and auto may reduce your premiums! Before you sign on the dotted line, however, make sure that the price of the package is actually lower than the two individual policies.

Reinforce Your Home

Insurance companies look at your risk-factor when determining your premium. Risk-factor measures your likelihood in filing a claim in the event of a covered damage. But if your home is damage-proof (more or less), your likelihood of d0ing that decreases, and with that, your premium does as well.

Proper homeowners insurance will cover your home and protect you financially, but if you take these tips into consideration you may save money when it comes to your premium. Contact Lloyd S. Berkett Insurance Agency worldwide for all of your insurance inquiries and needs.

11150 W. Olympic Blvd.
Suite 1100
Los Angeles, CA 90064

(310) 857-5757
(800) BERKETT | 237-5388
Fax: (310) 857-5750

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November 27, 2013

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The Lloyd S. Berkett Insurance Agency, Inc. was founded in 1946 by Lloyd S. Berkett. Regarded as one of Southern California’s most successful, well-respected and innovative independent insurance agencies, ... Read More

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