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Reducing Your Homeowners Insurance Premiums


There are several ways to lower your homeowners insurance premiums. In fact, you may already qualify for lower rates without being aware of it. Most homeowners take out a policy on their house and pay the amount routinely. Never realizing that they may be paying too much. For this reason, it pays to get a new quote every couple of years. This doesn’t mean that you have to switch insurance carriers to save a couple of bucks, but you may be paying a lot more than you have to.

Your children are older and have moved out
This can make a big difference in the liability coverage for your property. When you have children, they will have other children visiting them, and this means paying more for your policy. The problem will come after they move out. Your insurance company is not likely to give you a discount for this unless you ask. You still need to quote other insurance companies, and make sure that it is clear no children are living in the house any more.

Your house has a pool
You may want to consider having it removed, or at least have your pool covered up with dirt. As long as there is no chance of anyone getting hurt from your pool, you are likely to save a lot of money on liability coverage. The difference between a house with a pool and one without a pool is one of the greatest differences in insurance premiums. Even if you had a pool when your children were growing up, you will have a double discount once they move and you remove the pool.

Increase your deductible
You can first ask your current insurance carrier about the premium cost for a higher deductible. There are likely more than one standard deductible available for your homeowners insurance. Once you have this new figure, you still need to get a few quotes from other homeowners insurance sacramento agents.

The important thing to keep in mind is, as a homeowner, your circumstances change over time. If you have a 30 year mortgage, you need to pay attention to how much you are paying for insurance. Your current insurance company is not likely to do so.