Once you understand the importance of taking out a home insurance policy, the idea of not having cover in place can feel like driving without a seatbelt. Home insurance is there to give homeowners and renters total peace of mind that should the worst happen, they’ll be financially protected, their possessions replaced or paid for, and their family safe.
But just because you understand the importance of home insurance, doesn’t mean that you should have to pay extortionate premiums every month. We all know that comparing quotes for home insurance is key to finding the best deal and a significant step in keeping costs down, but did you know that there are other ways you can do this? By taking the right approach to caring for your property, you can potentially lower your premiums even further. Want to know more? Read on to discover how to keep your home insurance premiums low with some simple steps.
Improve the Security Around Your Home
We’re not saying you have to create Fort Knox, but improving the security around your property can help reduce your insurance premiums. By upping the security systems in your home and listing them with your insurance provider, you can enjoy lower premiums as well as peace of mind that you and your family are safe! Simple ways you can do this include:
- Increasing security lighting
- Store your most precious possessions in a safe
- Install alarms and cameras
- Update the locks on your doors and windows
Consider Increasing Your Excess
Your excess is what you have to pay in the event of a claim. Some home insurance providers may offer lower premiums if you have a higher excess to pay. So it’s certainly worth looking into.
Always Pay Annually
Did you know that if you choose to pay for your premiums monthly, you could end up paying more? Always explore the possibility of a price difference before you commit, as those who pay annually can usually expect some sort of discount.
Combine Your Buildings and Your Contents Cover
You can buy these policies separately, however, buying them from the same provider will often trigger a discount. Again, this is why shopping for quotes and comparing policies is always worth your time!
Take Water Pipe Precautions
Burst water pipes are a common home insurance claim amongst homeowners. To prevent this from happening and to potentially decrease your premiums, it’s a good idea to insulate your water pipes which in turn reduces the risk of them bursting if they freeze and then thaw. This will not only keep costs down but also give you peace of mind when the cold weather hits.
Make the Most of Your No-Claims
Building up no claims on your home insurance is worth taking advantage of! Something to bear in mind when you’re comparing quotes online as many providers offer discounts for those with no claims – much like car insurance.
When it comes to home insurance it’s easy to feel overwhelmed at the cost. Thankfully, there are plenty of ways you can manage your premiums and keep them low. Consider the steps above to get started.0