It is no secret that most Florida insurers have raised home insurance premiums in 2023. Many homeowners are desperately looking for a way to lower the prices of their policies without leaving their largest investment unprotected. Here we share some useful tips to lower your insurance premium payments:
- Raise the deductible
The lower the deductible in a contract, the more risk the insurer assumes. A risk that the company affects in premium payments. Increasing the deductible, which is the amount of money you are willing to pay in the event of a claim, lowers the price of the policy. If you have a deductible of $600, you can try increasing it to $1,200 and thus reduce your premium by about 15%.
2. Update the roof and windows
You can talk to your insurance agent to share some requirements to take into account when you are going to update your roof so that said remodeling positively influences the price of your policy. Some insurers offer discounts when installing hurricane shutters or if you replace existing windows with impact windows.
3. Make the house safer
You can also positively influence your insurance if you install smoke detectors, burglar alarms, security cameras, and motion sensors in your home.
4. House and car under the same insurer
Bring together car and home insurance policies in the same company. Many insurers offer significant discounts if you bundle all your insurance with them.
5. Compare prices
The insurance market is broad. Stay informed. Look for alternatives with other insurers. Sometimes, the difference between one company and another can exceed $1,000 annually. If you consider that you are paying a lot for your home insurance, contact the specialists at Univista Insurance and they will advise you on the steps to take to lower your coverage without leaving your largest investment unprotected. 5 tips to lower your home insurance.
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