Insurance Insights: Lower Homeowners’ Premiums
If you want to lower the premiums on your homeowners insurance, give careful consideration to raising your deductible. According to a recent study, raising your deductible from $500 to $1,000 can reduce premiums by an average of 6.5%, while raising the deductible from $500 to $2,000 reduces premiums by an average of 16%. It is important to note that these are national averages and actual savings vary widely by state. It is crucial, therefore, that you thoroughly research and discuss any changes that you might make in your homeowners policy with your agent. Having higher deductibles carriers the added advantage of discouraging you from making small claims, which may cause insurers to boost your rate or cut your coverage.
We invite you to compare your current homeowners insurance coverage, premium, and service to what we have to offer. We are happy to answer those nagging insurance questions that have been bothering you for so long…no pressure to buy anything. Giving you the best protection possible is our business. See us for all your insurance needs.
Quick Tip: This is the time of the year to disconnect your garden hoses from your home! Frost-free faucets only work when hoses are not connected and allowed to drain.