333 N Wood Dale RdSuite 207Wood Dale, IL 60191

SAMCO HAS BEEN SATISFYING INSURANCE CLIENTS FOR OVER 45 YEARS

Call Us 630-227-9000

Auto

We are happy to assist you in selecting the best coverage.

Quote

Home

We get you the right coverage for the right price.

Quote

Business

We offer free quotes and dedicated personal service.

Quote
Home » 3 Ways to Save on Homeowners Insurance
October 6, 2022
Agency

3 Ways to Save on Homeowners Insurance

Many people think the best way to save on homeowners insurance is to reduce their coverage, but that could put you in a very bad spot if a covered event occurs. Over two-thirds of American homes are underinsured because of this. Instead of sacrificing valuable coverage, try the following 3 tips for saving on your current coverage: 

Ask for discounts 
You may be eligible for a discount, but you’ll never know until you ask your agent. Available discounts may include, but are not limited to: House with car in Driveway

  • Senior discounts: for ages 55 and up 
  • Home security discounts: for homes containing security features such as smoke alarms, alarm systems, fire sprinklers and dead bolts 
  • Loyalty discounts: For years of loyalty to an insurance provider 
  • Home improvement discounts: for renovated homes with new features such as new electrical wiring, new heating systems and new plumbing systems 

Remember, the less risk your homes poses, the more likely it is that your insurer will be willing to offer you a discount. 

Raise your deductible 
A higher deductible often equates to lower monthly premiums. Most standard homeowners policies have a $500 deductible. However, it’s recommended that you raise your deductible to the highest amount you could afford at any given time. That way, you’ll save money each month on your premium—up to 25 percent off! With this discount, you can save more of your income, which can fund your deductible if a covered event occurs. 

Bundle your policies 
Bundling your policies together with a single insurer can save you up to 15 percent on premiums across the board. The most common bundle is home and auto, but you can also include your RV, boat, any other recreational vehicle you own and even your life insurance—the possibilities are endless. A multi-line policy is an easy, effortless way to save money right away. 

Categories: Homeowners Insurance

Tags: Home Insurance

Leave a Reply

Your email address will not be published. Required fields are marked *