By Bill Smith
Home security improvement:
All insurance companies will happily offer you a discount for
burglar alarms and smoke detectors. Homes with fire and
alarms that communicate with a third party monitoring company
receive a higher discount on their insurance premiums.
When possible, choose a higher deductible:
To reduce your premium, it is best advised to increase the
deductible to the extent you can afford. Your home insurance
premium will fall by as much as 20% if you increase the
deductible from $200 to $1000.
Multiple insurance – Same provider:
If you consolidate your home insurance and auto insurance with
one insurance company, expect a premium reduction between 10 –
15%. This also means you are making one payment for all your
insurance needs. Consolidate and win.
Discount for non-smokers:
Some home insurance companies will offer a non-smoker discount
to the tune of 15%. Check with your insurance company if they
offer a non-smokers discount.
How far is the fire station?
If you live more than 5 miles from the nearest fire station
more than 1,000 feet from a fire hydrant, you can expect a
higher premium. Also if you live in the country, you will
probably pay higher insurance rate than if you were living in
Type of construction:
The construction type of your home also plays an important
in determining your insurance premium. A wood frame home will
cost more to insure than the one built mostly of concrete.
Claims free record and renewal discounts:
If you have not had a claim under your current home owners
policy for the past 3-5 years, you will get a 15% discount on
your premium. Expect additional discount if your policy has
been in force with the same insurance company for 3 years or
I am hopeful you have gained preliminary knowledge on the
subject of home insurance premiums. With these helpful tips
will be able to understand and demand discounts on your home
insurance premiums. Good Luck!
About The Author: "@Copyrights 2005" - Bill A Smith is an
insurance agent and insurance advisor for Sunshine home and
auto insurance services. Bill has over 10 years of experience
in providing insurance services to clients. Sunshine Insurance
Services provides auto, home, health and life insurance to
businesses and individuals. Visit us at