How to Save Money on Homeowners Insurance – Money Saving Tips You Need to Know

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If you own a home or are currently in the market to buy one, homeowners insurance is a fact of life for you. You’d be hard pressed to find a lender that would loan you money without requiring that you have homeowners insurance. If you don’t need a loan and you are just going to buy your house with a big pile of cash, it’s still a good idea to have homeowners insurance to protect such a large investment. Homeowners insurance may be a necessity but paying a fortune for it does not have to be. This article is going to give some tips and techniques you can use to make sure you’re not overpaying.

One simple thing you could do to save money on homeowners insurance is to simply switch companies. If your company is not giving you a good rate and you find another one with a better rate for the same amount of coverage, switch companies and save money.

Another way to save on the monthly cost of homeowners insurance is to raise your deductibles. If your current deductible is only 0 you could raise the deductible to 00 or even 00 or more and your monthly premiums will go down considerably.

There are a number of possible discounts that you may be eligible for. Many companies will offer a non-smokers discount. A very large percentage of house fires are caused by cigarettes so if you are not a smoker the chances of your house burning down are less and therefore you should not have to pay as much for insurance. Having a burglar alarm can