1. Choose a Higher Deductible
A deductible is the amount you have to pay for a covered claim before your insurance gives you benefits. The higher your deductible, the more money you can save on your premium. If you consider a deductible of $500 raised to $1,000, you may save up to 25%. Just make sure you don’t raise your deductible so high that you would suffer financial trouble if you actually had to make a claim.
2. Ask About Home Security Discounts
Dead-bolt locks, alarms and smoke detectors often qualify you for a small discount. Additionally, some companies may give you a greater discount for installing sprinkler systems or more advanced alarm systems.
3. Stay with the Same Insurer
A lot of companies provide a loyalty discount to customers. Some insurers will even provide up to a 10% discount for long-term policyholders.
Let ABC shop for the best price. Prices vary from company to company, so it helps to shop around. ABC Insurance Agencies ask the right questions to make sure you are getting quality coverage, at a fair price.