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3 Ways to Reduce Your Homeowners Insurance Premium

Ways to Reduce Your Homeowners Insurance PremiumTips to decrease your home insurance premium.  

If you’re like most homeowners, you work hard to protect your home. The cost of insuring a home has been on the rise, but there are steps homeowners can take to reduce their coverage costs. Take a look at these tips to trim back your home insurance premium without sacrificing coverage.

Improve home security

Ask your insurance agent if they offer any discounts for safer homes? Smoke alarms, carbon monoxide detectors, security camera systems, and more can make your home safer. This means that disasters and claims are less likely to happen, and your insurer may reward you for taking these precautions. Be sure to check with your insurer before purchasing a system to learn whether it meets the necessary requirements.

Check for home insurance discounts

Insurance companies may offer benefits that you may not even know about. Many insurers will offer a sizeable discount if you bundle two or more policies with them. Ask your insurer if you’re eligible for any discounts – It doesn’t hurt to ask!

Increase your deductible

A sure-fire way to lower your home insurance premium is to increase your deductible. The higher your out-of-pocket cost in the event of a claim, the lower your monthly premium. Keep in mind that this means you’re taking on more financial responsibility in the event of a claim, and your deductible should be an amount that you are comfortably able to afford.

These tips will help you to cut back on your home insurance premium. To find the best home insurance policy to fit your needs, contact Bell Black Insurance today!  We serve all insurance needs for those in Idaho Falls, Island Park, Driggs, Victor, Swan Valley, Ashton, and the neighboring communities in Idaho, as well as Jackson and Star Valley in Wyoming.