Your home is probably the largest investment you’ll make. But you’re not only investing money in your home through your mortgage payments. You’re also investing time, hard work, and even some love to make it a warm and welcoming place for you and your family to live. That’s why it’s so important for your to protect this investment through home insurance.
Many people feel like they’re throwing their money away on insurance. Without it, though, you’re in serious trouble if something happens. However, we do understand that you want to save as much money as possible. We recommend the following three ways to save money on your home insurance premiums.
- Loyalty pays. Insurance commercials are everywhere…and every company promises lower rates than the competition. But in many cases, staying with the same insurer may entitle you to discounts or other perks. Always talk to your current insurer before jumping to another company.
- Bundle for bigger savings. Another frequently advertised option is bundling. This is one of the best ways to save money across all your insurance policies. Insurance companies reward you for having multiple policies, so consider moving your home, car, and life insurance to the same carrier.
- Increase your deductible. This one change can pay big dividends. Raising your current home insurance deductible up to the next level can reduce your premiums dramatically. Of course, it all depends on your particular policy, so talk to your insurance agent before making any changes. You’ll also want to make sure you have sufficient savings to cover that deductible should you have to file a claim.
Bonus tip: You can also save money by working with an independent insurance agency. Here at Batesburg Insurance Agency, we represent multiple insurance companies through the Trusted Choice network. We do the legwork, shopping around to find the right combination of coverage and premiums from reputable carriers. If you live in Columbia, West Columbia, Lexington, Irmo, Chapin, or the surrounding area, call us today or request your free home insurance quote online.