How to Save Money on Your First Home Insurance Policy

Try out these suggestions to make your first home policy affordable.home with lights on

If you are about to close on your first home, then you might be feeling a little strapped for cash.  Naturally, the idea of shelling out a ton of money for home insurance is unappealing.  Fortunately, there are a ton of things that you can do to make your home policy more affordable.  Here are some of the money saving tips that you can try.

  • Shop Around

While tempting, don’t choose the cheapest policy available.  Paying the least amount possible translates into the minimum amount of coverage your insurer can get away with.  Make sure your policy provides coverage for property damage, theft, and liability.  Have a checklist for the coverage your home needs and go from there.

  • Bundle Your Policies

Oftentimes, insurance companies sell multiple forms of insurance.  If you are interested in securing multiple policies from a single insurer, then you should bundle these policies together.  When you bundle, you unlock special discounts on all of your policies, and you can save on your home premiums.

  • Increase Your Deductibles

Another way to reduce your home insurance premiums is by raising your deductible.  Your deductible is the amount of money that you agree to pay towards a claim before your insurance coverage kicks in.  It’s important to know that your deductible and your premiums have an inverse relationship.  This means that the higher your deductible, the lower your insurance rates will be.

These are some of the suggestions that you should try to save on your homeowners insurance policy.  Do you have additional questions regarding your home coverage?  If so, then contact the experts at Desert Empire Insurance.  We are ready to assist you with all your coverage needs today.