Are you frustrated by the ever-rising or consistently high home insurance premiums? Read on for tips on reducing homeowners insurance costs and discover where you can get the cheapest homeowners insurance in Florida.
Given the recent rise in home insurance costs, homeowners are facing a difficult situation. People these days are looking at ways they can reduce these costs. Unfortunately, not many know the basics of home insurance which is why they end up making mistakes and paying more. By understanding the basics of home insurance, and with some simple strategies, you could end up saving a lot of money.Moran Insurance is passionate about helping households find the most affordable policies that meet their unique needs. If you want real savings on your yearly Florida homeowners insurance costs, we can help. To get started, here are six simple strategies that can help you to get the best deal on your policy this year.Moran Insurance can help you to find affordable homeowners insurance in the State of Florida. Learn six simple strategies and contact us when you’re ready to explore your options.
1: Shop Around for Homeowners Insurance Florida
There are plenty of deals out there which is why you shouldn’t just pick the first one you are getting. Look around and try to get the cheapest coverage options available. This may seem like a time-consuming process but if you want to lower your home insurance costs this step is necessary.This is particularly important if you are a first-time buyer. Our experienced Florida homeowners insurance agents will help you in the discovery process, resulting in several quotes from trusted insurers that suit your needs and fall within your budget.
2: Take Advantage of Customer Discounts
You may not know this but there are special customer discounts available for those customers who have claim-free histories. Discounts are also offered to loyal long term customers. You should talk to your insurance agent to find out if you qualify for a homeowner’s discount.While we always recommend exploring the market and taking advantage of more affordable policies from different providers, you will sometimes find that loyalty discounts offer significant savings that work out better than switching providers from year to year.With Moran Insurance, you’ll be able to explore all the customer discounts available on the market today.
3: Don’t Buy Coverage You Don’t Need
A lot of people spend more than they should on home insurance. This involves buying coverage that you don’t need. Don’t get insurance against risks that you are never going to encounter. For example, you should avoid getting earthquake coverage in an earthquake free zone.However, be sure that you understand there’s a fine line between too much insurance and not enough. A Florida home insurance agent will ensure you have the protection you need, without going overboard.
4: Increase Your Homeowner’s Insurance Deductible
Increasing your deductibles is a sure way of reducing your home insurance costs.
Deductible is basically the amount of money that you pay when you make an insurance claim. This is a fee that you must pay before the insurance kicks in. By increasing the amount of money you pay as deductible, you can lower your insurance premium. A high deductible fee also indicates that your claim is likely to be genuine and requires immediate attention.
5: Mitigate Risk Around the Home
The best providers will offer discounts if you install features in your home that mitigate risk. A monitored burglar alarm with a reputable security firm could mean that you qualify for lower insurance costs throughout the year. Smoke alarms and even fire suppression systems could also lower the cost of homeowners insurance.Moran Insurance can help you to assess risk and can recommend any steps you should take to mitigate high-risk scenarios around the home. A moderate investment in security or fire safety systems could result in significant savings over the lifetime of your home.
6: Package Your Insurance with the Same Provider
Let our skilled team at Moran Financial solutions walk you through your coverage options and help you get the cheapest homeowners insurance.