7 Ways to Lower the Cost of your Homeowners Insurance

When it comes to Homeowners Insurance,

Remember these discounts and cost drivers as you shop for your new home.

1. Year of Construction

As a general rule, as a home gets older, the more it costs to insure/upkeep. Homes built after 2002 receive discounts based on the face that 2002 was the date of the most recent building code changes.

2. Construction Type

A wood frame house will cost about 25% more to insure than a comparable concrete block house.

3. Roof Shape

A significant discount is available or having a hip shaped roof, due to its superior wind resistance.

4. Wind Mitigation Credit

Have an inspector perform a Wind Mitigation Inspection, which looks for construction features that promote wind resistance. Depending upon the results of the inspection, this can result in savings of upwards to 30%!

5. Secured Community Credit

Some companies offer credits for living in a gated community, a community having security guards, or even for a living on a cul de sac.

6. Monitored Alarms

Monitored fire and burglar alarms will earn you some credits. It might be as little as $25 or as much as $100 per year.

7. Fire Protection Class

A house within 5 miles of a fire station and les than 1000’ of a fire hydrant will cost less to insure than a comparable house outside those distances.

With all these things in mind, you should always take into consideration these, what seem to be minor, oversights in homeowners insurance.