How To Get The Best Deal With Homeowners Insurance
Finding the best deal on homeowners insurance requires a balance between cost and coverage. Craig & Preston Insurance Agency provides homeowners insurance in Charlotte, Concord, NC, Matthews, NC, Gastonia, Fort Mill and surrounding areas.
These are key steps to ensure you’re getting the most value for your money.
- Shop Around and Compare Quotes
Prices can vary widely between insurers, even for the same coverage. Get at least three quotes from different companies, and compare not just premiums, but also deductibles, coverage limits, and exclusions.
- Bundle Policies
Many insurers offer discounts if you bundle your homeowners insurance with auto, life, or other policies. Bundling can reduce your overall premium by 10% to 25%.
- Raise Your Deductible
Opting for a higher deductible can lower your monthly premium. Just make sure you can afford the out-of-pocket cost in case of a claim.
- Improve Home Safety
Installing smoke detectors, burglar alarms, deadbolts, or a home security system can qualify you for safety discounts. Updating old wiring, plumbing, or roofing can also lower your risk profile and premium.
- Maintain a Good Credit Score
Insurers often use credit-based insurance scores to determine rates. A higher score can lead to lower premiums, so pay bills on time and keep debt low.
- Ask About Discounts
Inquire about all available discounts, such as loyalty, claims-free history, or senior citizen discounts. Some companies also offer price breaks for new homes or homeowners associations.
- Review and Adjust Coverage Annually
Your insurance needs may change. Review your policy every year to ensure it reflects your current home value, renovations, or possessions.
- Avoid Small Claims
Filing frequent small claims can raise your premium or lead to non-renewal. Save claims for significant damages.
If you have any questions, please do not hesitate to call us.
