A sound homeowners insurance policy will pay to rebuild your home if it’s destroyed in a fire, compensate you for stolen possessions, and shield you from expensive liability lawsuits that could threaten your financial future. However, as valuable as this coverage can be, no one wants to pay more than necessary to protect themselves from the unexpected. Below are some tips to reduce your premiums.

How to Lower Your Home Insurance Premiums

1. Compare Prices From Several Carriers

Many homeowners simply stick with the policy they purchased when they bought the house. However, each carrier uses different formulas when formulating premiums, so compare policies before renewing to lower your costs. Many insurers also give discounts to clients who purchase multiple policies; bundle your home and auto coverage to save.

2. Install Security Measures

Taking measures that reduce the risk of filing a homeowners insurance claim will usually result in lower premiums. For instance, install an advanced fire alarm and security system, or use fire-resistant materials during your remodeling projects.

3. Maintain a Good Credit Score

Insurance companies assume that those with poor credit ratings are more likely to file a claim, typically resulting in higher premiums for those customers. Maintaining a positive credit history will make it easier to qualify for low-interest loans and shave hundreds of dollars off your coverage premiums. To keep your credit score high, avoid closing old credit cards, pay the bills on time, and don’t apply for new credit cards on a regular basis. 
 

Since 1973, Chanler Agency has been serving homeowners throughout Geneseo and Livonia, NY, offering high-quality coverage at the lowest possible rates. They understand that everyone’s situation is unique, so they pride themselves on shopping around to find the policy best suited to their clients’ specific needs. Visit their website for more on their personal coverage options, call (585) 243-5520 to speak to an agent in Geneseo, or dial (585) 346-3118 to request a homeowners insurance quote from their Livonia office.