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CAN I LOWER MY INSURANCE PREMIUMS?

Is It Possible To Lower Those Insurance Premiums?

Your home is most likely your most expensive asset, and protecting it can be pricey. Insurance is a must for peace of mind in protecting your biggest asset, but is there a way to keep those premiums down and save some money? 
We have some tips and tricks recommended by our agents at Keystone Insurance Agencies to keep your insurance premiums low for the long term
  1. Choose a higher deductible. Your deductible is the $$ you pay up front before the insurance kicks in and covers your out-of-pocket loss. Choose the highest amount to drive those premiums down.
  2. Bundle your insurance policies. Have a cottage, home, and rentals? Bundling 2 or more policies from the same insurance carrier will reduce your premiums.
  3. Install a home security system. Installing an approved security system can be an effective way to reduce premiums. NOW this may be flawed logic as your premiums for the security system will most likely be more than the discount you will receive. This is something to consider based on your need. If you genuinely do not need the security system, it may not be the best option for you.
  4. Age. The older you are, the lower your premiums will be. 
  5. Being mortgage free. If you are one of the lucky ones to be mortgage free, this will automatically drive your premiums down.
  6. Loyalty discounts. The longer you are with one insurance company, the lower your premiums will be.
  7. Preventative measures. Automated sump pumps, sewer back up valves and disaster proofing your home will decrease those premiums.
  8. Credit Score. Your insurance company really does look at your credit score. Lower credit = higher risk and higher premiums. 
  9. Remove old structures. If you have other buildings on your property, you are most likely paying for them on your coverage policy. If these buildings are not in use and dilapidated, remove them to reduce those premiums.
  10. Pay your bill in full. Most insurance companies charge a fee for paying your premiums monthly. Choose to pay the bill in full and help save on your premium.
Now with all of the above being said… getting the lowest premium possible sounds amazing! BUT we do not always flog the cheapest insurance because it may not be what you need.  Have questions? Feel free to drop us a line in the chat box or call 1-888-222-0481

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