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Home Insurance News- Homeowners Insurance Premium Can Be Reduced If You Don’t Smoke


Customers of 5 years of Longer Can Receive Discount on Homeowners Insurance


September 9, 2009 — Homeowners insurance helps to protect us and our valuables but does not always seem so affordable. Homeowners can take some simple steps to help make sure that they are not overpaying for their homeowners insurance policy.

When buying homeowners insurance, customers are advised to look around. Various insurance companies provide a wide array of insurance premiums and plans. Choosing a policy without first comparing several policies from different companies can cost you a lot of money. An online comparison website can help to insure that you are not overpaying for your policy.

You may also be able to reduce your premium by increasing your deductible amount. This is the amount of money you will have to pay out of pocket before the insurance will cover the rest. Basic homeowners insurance will usually have a $250.00 deductible. This means that if there is a natural disaster, like a fire, you will have to pay $250.00 out of your pocket before the insurance company will cover the rest of the repairs.

Homeowners may also reduce their rates by buying their automotive insurance and homeowner’s insurance policy through the same company. These companies want as much of your business as they can possibly get, so many offer discounts to their customers who have more than one policy with their company.

Taking the appropriate precautions to safe guard your home will have a decrease in your premium too. You can do this by having deadbolt locks, smoke detectors, and home security systems installed on the property.

Many homeowners are not aware that they can reduce their insurance premium if they stop smoking. Smoking cigarettes is one of the leading causes of home fires. Insurance companies will often offer a discount if no one within the home will be smoking as this offers less risk of a fire happening in your home.

Many times you can receive discounts for being “loyal” to a company. Having your home owners insurance through the same company for many years can offer this benefit. The discount is not huge, but usually around 5% for those who have been with the company for 5 or more years.


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