1) Use The Same Insurance Company For Multiple Policies
Many companies will offer you a discount if you have multiple policies with them. Don’t hesitate to ask your insurance company about special rates if you use them for car insurance, home insurance, life insurance, and contents insurance. It’s generally a good idea to always get a combined home and contents insurance policy.
2) Ask for every possible discount!
While asking for a multiple policy discount, why not ask for more discounts? Some insurance companies offer seniors discounts, no claim discounts, marital status discounts, and nonsmoker discounts. Ask for a list of all discounts they provide and ask if they will match discounts that other insurance companies provide. If you have been with the company for a number of years, ask them for a loyalty discount.
3) Install An Alarm System And Make Your Home Secure
Make sure your home is secure and if possible, install a security alarm. Your insurance company will give you a discount if you make them aware of the various security measures you have taken.
4) Increase Your Deductible
Perhaps the simplest way to lower your insurance costs is to lower your deductible. That means when you do make a claim, your costs will be higher, but for most people a claim on a home and its contents is quite rare.
5) Check Your Renewal Quote Against A New Customer Quote
Unfortunately, some insurance companies end up taking their existing consumers for granted. Make sure that they aren’t offering new customers any discounts on their insurance premium that you’re missing out on. If you find that new customers are getting benefits that you aren’t, contact your insurer immediately and demand the same deal!
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