3 Ways Homeowners Can Reduce Insurance Premiums

Dated: August 23 2021

Views: 287

The average premium for a homeowners insurance policy increased 3.1% to $1,249 in 2018, (the latest year for which data are available), but the price of homeowners insurance is on the rise, and many owners may be looking for ways to reduce their high premiums.

Here are 3 ways homeowners may be able to save on their homeowners insurance costs in Las Vegas:

  • Always Compare policies

More than a quarter of Americans say they never compared insurance quotes, according to a March survey. But those who did said they were able to save money. Homeowners with existing policies also should consult their insurance agent to check into which discounts they may be eligible for.

  • Look for Bundles

Look into bundling a policy—insuring the home, car, or boat all with the same firm. Some homeowners report a 12% reduction in their premiums by doing this.

  • Ask about Claims-free

Also, homeowners who have had no claims for several years may be eligible for a “claims-free” discount.

BONUS TIP:

Security: Some homeowners find they’re eligible for a reduction by having an alarm system in their home, up to 10% in some cases. Homeowners who live near a fire station or hydrant also may be eligible for a discount.

Blog author image

Kenneth Manesse

Helping you experience something new in Las Vegas that's guaranteed. Real Estate with less stress!....

Latest Blog Posts

Will Las Vegas Red-Hot Housing Market Cool in 2022?

Will Las Vegas red-hot housing market cool in the coming year? Probably not, according to National Association of Realtors Chief Economist Lawrence Yun. Yun shared four reasons why he thinks

Read More

2 Projects to Help Resale Value in Las Vegas (video)

Home buyers will likely wonder about the age and upkeep of certain big-ticket features in a home like the roof and HVAC system in Las Vegas. But they will also likely be interested in just how move

Read More

HOMEBUYERS: understanding what a good credit score is in the homebuying process.

As a homebuyer, you need to understand that a good credit score is key to the homebuying process. Lenders check your credit score to determine whether they will grant you a mortgage. If your credit

Read More

Do This Now To Protect Yourself From Ransomware

Ransomware is malware that infects computers and encrypts files or locks the operating system until a ransom is paid through Bitcoin or some other form of cryptocurrency that’s hard to trace.

Read More