There are many reasons that your homeowner’s premium might go up, but if you’re looking to lower yours, try any of these quick tips:
- Call competitors – Yes, it can be time consuming, but calling several companies for rate quotes can end up saving you quite a bundle in the long-run. Just make sure the quotes you are getting match the coverage your currently have, otherwise it’s not a good comparison. In some cases, switching carriers could save you up to 10% annually!
- Package it – Depending on your carrier, you may be able to get a better rate if you bundle your homeowners insurance with your auto coverage. If you currently have separate policies, call both companies and ask about package discounts. Who knows, maybe you’ll even save some money on car insurance while you’re at it!
- Raise your deductible – A deductible is the amount of money you will have to pay out of pocket before your insurance kicks in. If you’ve got some money set aside to cover unexpected expenses then raising your deductible can save you a significant amount each month.
Looking to buy or sell a home in Southern Delaware? Give Cooper Realty Associates a call and put us to work for you – 302-644-2266!