Tips for Cutting Your Insurances Costs (Part 2)
Although the economy is on the upswing, there are still many people out there who are looking to save as much money as possible. If you are looking to save, you’ll be glad to know that you may be able to cut down on your monthly homeowner’s insurance costs. In our last blog, we went over a few tips to help you save more on homeowner’s insurance. Keep reading for more helpful tips:
4.) Build your credit.
Many insurance companies will use credit scores in order to price insurance policies. They believe that homeowners with higher credit scores aren’t as risky as homeowners with low credit scores. If your credit score is low, building it up may help you save on your policy.
5.) Ask about discounts.
Insurance companies give discounts for a wide variety of reasons, but they don’t always advertise them well. That’s why it may be worthwhile to periodically ask your insurance company what discounts they offer. That one phone call could end up saving you money each month, but you’ll never know if you don’t ask.
6.) Hire an insurance broker to purchase the coverage for you.
An insurance broker can comparison shop all of the policies available to you to help you find the best deals. Additionally, they have lots of insider knowledge and experience, and they may be able to help you find discounts that you otherwise may not be privy to.
For additional information:
- “Tips for Cutting Your Insurances Costs (Part 1)”
- Podcast – “Coinsurance: An Essential Concept in Property Insurance”