By comparing prices from several insurance companies, you'll probably be able to reduce your premiums by a substantial amount. This may seem obvious, but research has shown that a surprisingly large proportion of people either just renew their current policy, or get only one or two quotes. The beauty of working with an independent agency like SunGate is that we can do all the shopping for you. We work with multiple carriers and can save you hours upon hours of doing the quoting yourself.
2. Combine Your Building and Contents Coverage
Many insurers will give you a discount if you take out both types of home insurance with them, and this usually works out cheaper than getting the two kinds of policies from different companies.
3. Pay Everything Up Front
Although most insurers let you pay your premium in monthly instalments, many will charge interest for this. If you can afford to pay a full year's premium in advance, then this will work out cheaper in the long run.
4. Don't File Small Claims
Making many small claims can increase your insurance costs, as your insurer may see you as a greater risk and increase your premiums. You will also lose any no claims discount your policy has. Of course, you're entitled to claim for anything your policy covers, but ask yourself if making a small claim is really worth the hassle and possible future costs.
5. Raise Your Deductible.
This is related to the last point. Insurance policies feature something known as 'excess', which basically means that the policy won't pay out on claims below a certain value. On some policies, if you choose to raise your excess to a higher level, then your premiums will be lower.
6. Improve Your Home Security
Beefing up your home security with better door locks, window locks, outdoor lighting, and alarm systems can all result in lower premiums. Ask your insurer what you could do to get extra discounts.
7. Reduce Your Coverage
Some policies feature benefits that you might not need, such as coverage for personal possessions while traveling, or 'free' legal advice. Look through your policy and see what parts of it you really need - or better yet - work with an insurance professional like any of the agents here at SunGate and they'll be able to identify unnecessary coverage and save you money.
For more information about Home Insurance contact our agency at (407) 878-7979 and if you REALLY want to save money, click here to get a quote today.