When it comes to protecting your assets, your house insurance shouldn't cost you a fortune, but you can't go without it. There are dozens of ways to save money on your home insurance; all you have to do is take advantage of them. One of the biggest things to do before ever purchasing a policy is to shop around. It is so important to shop different policy providers because the difference you could save may be hundreds of dollars. A great way to find credible insurers in your area is to check out the National Association of Insurance Commissioners' website. Here you will not only find guides to some of the best and most affordable insurers near you, but also read complaints on some made by people just like you. This could help you avoid purchasing a policy from a less than quality insurer.
Purchasing your home and auto insurance from the same provider could also save you money. You may even be able to get up to 15% off of your monthly home insurance premium. However, just because one provider does this does not mean they all do so always check this is a money saver for you. Improving your home security can also help you save money on your home insurance. Why? Implementing smoke detectors, sprinkler systems and alarm systems can make your home less susceptible to fire or damage so you can see lower premium rates. Although, some of these installations may be a bit costly so find out if it will pay for itself or not.
Another simple way to make your home insurance cheaper is to opt for a higher deductible. Your deductible is simply the amount of money you would have to pay out before your home insurance provider would pay for a claim. The higher your deductible is, the lower your monthly premiums will be. If you can afford to raise your deductible from $500 to $1,000 you may even see saving of up to 25%. You must always remember that not everything is included in your home insurance policy. For example, most policies do not include earthquake, flood, tornado and other natural disasters to be covered.
This again is why it is so imperative to do your shopping around. You will not only save more money but you will also educate yourself more on how home insurance works.