New York Homeowners Insurance – How to Get the Best Rate

earthquake damage. If you want these coverages, you’ll need to purchase them separately. And, depending on where you live in New York, you may also need to purchase coverage for wind damage.

Homeowners Insurance Cost

1. Consolidate Your Insurance – Most insurance companies will give you a discount of up to 30% if you insure both your home and your car with them. You also get the added benefit of having only one agent to deal.

2. Add Safety and Security Devices – Insurance companies will give you a good-sized discount if you install dead bolt locks, smoke detectors, fire extinguishers, burglar alarms, sprinklers systems, and fire alarms. Doing this will not only give you added protection, it will also give you peace of mind.

3. Raise Your Deductible – The deductible is the amount you pay toward a claim before your insurance company pays. The higher your deductible, the lower your premium will be.

Deductibles vary anywhere from 0-00 or more. Most homeowners carry a 0 deductible. Raising your deductible to 00 can get you up to 20% savings on your yearly premium. A few claim-free years and you’ve made up the difference.

4. Shop Around – Because homeowners insurance rates can vary by ,000 or more between companies, you can get the biggest savings on your New York homeowners insurance by comparison shopping.

All you have to do is go to an