Once you make the financial commitment to buy a house, you want to protect that investment. Home insurance guards against a wide variety of potential problems—including the risk of fire or theft. Fortunately, there are several ways to secure a lower rate without sacrificing the quality of your coverage. Here are a few tips for making your premiums more affordable.

Do:

Bundle your policies. 

Often, insurance companies will provide a discount if you purchase multiple policies through them. Consider bundling your auto, motorcycle, or boat coverage with your homeowner’s policy for a reduced rate. This will also help streamline your payment and claims processes should a disaster take place.

Maintain a high credit score.

Many insurers have started using credit scores as a factor in calculating home insurance premiums. Higher credit ratings are generally rewarded with lower rates since it implies responsibility. Therefore, pay any bills on time, keep your credit card balances low, and monitor your credit report for errors.

Don’t: 

Wait to improve home security.

Many people make the mistake of waiting to update their home security until a break-in has already happened. Instead, limit the chances of theft and cut your coverage costs by installing an alarm and surveillance cameras. Providers will typically offer a discount to policyholders who make an effort to deter criminal activity that could lead to an expensive claim.

File minor claims.

A person’s claims history will significantly impact how much they pay for home insurance. The more you file, the higher risk you become to an insurer. Although your coverage is meant to help pay for repairs, it’s better to submit a claim only when significant damages occur. Paying out of pocket for small fixes will end up reducing your premium.

In the market for home insurance? Turn to Accredited Insurance Group. Based in Omaha, NE, they proudly offer coverage solutions and personalized service to residents throughout the state and in Iowa. With more than 25 years of industry experience, they know how to efficiently compare coverage options from their network of reputable carriers so you can maximize your protection and savings. Visit their website to get a free quote, or call (402) 334-1780 to schedule an appointment.