To determine home insurance rates, we analyze your lifestyle and all your needs, then set the premium amount based on the value of your property and its contents as well as on your past claim history. We take into account the many variables that make you different from all other homeowners.
The premium you pay depends on many factors. Here are a few steps you can take to better protect yourself and your residence, while also lowering your home insurance premium:
1. Evaluate your protection needs every year
Home insurance protection should reflect your home’s current value and condition and take into account all the major home-related improvements and purchases you’ve made.
2. Take steps to prevent fire, theft and water damage
Preventive steps include installing an alarm system, water detectors, a backflow valve on the main water line and tankless water heaters, and regularly maintaining your electrical, plumbing and heating systems as well as the roof.
3. Inquire whether you might be eligible for other discounts
Ask your insurance broker whether you are eligible for additional discounts, such as those that apply if your home is mortgage-free or if you’ve never submitted a claim.
4. Get your vehicle and home insurance from the same insurer
5. Don’t change your insurer before your policy has expired
This will avoid early-termination penalties.
6. Pay your premium annually
Paying your premium annually instead of monthly avoids management or interest charges.
