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Eight Ways to Lower Your Homeowners Insurance Costs

Looking to reduce your homeowners insurance premiums? Look no further because these are some effective ways you could save that you might not have known.

There are some homeowners insurance discounts that you might now know

1. Improve your home security

You can usually get discounts of at least 5 percent for a smoke detector, burglar alarm or dead-bolt locks. Some companies offer to cut your premium by as much as 15 or 20 percent if you install a sophisticated sprinkler system and a fire and burglar alarm that rings at the police, fire or other monitoring stations. By having these systems our customers are better protected against the unforeseen occurrence.

2. Maintain a good credit record.

Establishing a solid credit history can cut your insurance costs. Insurers are increasingly using credit information to price homeowners insurance policies. In most states, your insurer must advise you of any adverse action, such as a higher rate, at which time you should verify the accuracy of the information on which the insurer relied. To protect your credit standing, pay your bills on time, don't obtain more credit than you need and keep your credit balances as low as possible. Check your credit record on a regular basis and have any errors corrected promptly so that your record remains accurate.

3. Multi-line Policies

Customers can get this saving by having multiple policies with Superior Insurance. Whether it is Auto, Motorcycle, RV, ATV, Mobile Home Insurance, they all counts. Let us know if you have other products that need to be insured and we will take care of the rest!

4. Raise your deductible

Deductibles are the amount of money you have to pay toward a loss before your insurance company starts to pay a claim, according to the terms of your policy. The higher your deductible, the more money you can save on your premiums. Nowadays, most insurance companies recommend a deductible of 1% of the dwelling coverage. If you can afford to raise your deductible to 2%, you may save as much as 25 percent. Remember, if you live in a disaster-prone area, your insurance policy may have a separate deductible for certain kinds of damage. If you live near the coast in the East, you may have a separate windstorm deductible; if you live in a state vulnerable to hail storms, you may have a separate deductible for hail; and if you live in an earthquake-prone area, your earthquake policy has a deductible.

5. Review the limits in your policy and the value of your possessions at least once a year.

You want your policy to cover any major purchases or additions to your home. But you don't want to spend money for coverage you don't need. If your five-year-old fur coat is no longer worth the $5,000 you paid for it, you'll want to reduce or cancel your floater (extra insurance for items whose full value is not covered by standard homeowners policies such as expensive jewelry, high-end computers and valuable art work) and pocket the difference. An extra tip: You should do a walk-through your house every year. Record a video and name out your possessions and their values. This would be tremendously helpful if you ever have to file an insurance claim.

6. Don't smoke

It’s an unfortunate reality, but according to the U.S. Fire Administration, smoking indoors is the number one cause of home fire deaths in the U.S. Not only that, but smoking causes hundreds of thousands of dollars in fire and smoke damage each year. That’s why, generally, non-smokers will qualify for lower Homeowners insurance premiums than smokers.

7. Renovate your House

Here are somethings you can do to renovate your house and qualify for a lower homeowners insurance premium:

+ Newer electrical system - Replace failed, faulty, burnt out wiring. Repair damaged cooker socket.

+ Newer plumbing systems - Choose PEX Pipe over Copper, fix any leaks around the house.

+ A new roof - You can get big discount for having a new roof and an even bigger discount for installing hail resistant roof.

+ Energy-efficient features in your home.

8. Ask your Superior Insurance Agent about more discounts.

Every clients are unique in our eyes. That's why as your agents we will make sure your policies fits your needs and circumstances. Our extensive knowledge of the Texas insurance market and familiarity with the different areas of the state allow us to properly evaluate the coverage specifications that are most important to you while save you the unnecessary hidden costs.

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