For most people their home is the biggest investment that they will ever make. Due to the rising cost of homeowners insurance in Atlanta, some people are considering deceasing the amount of coverage that they have. If you have found yourself considering cutting back on your house insurance, you should reconsider. There are several ways to reduce your insurance premium while maintaining good insurance coverage.
If you currently have your auto and homeowner insurance policies with different companies, look into grouping them together. Surprisingly, this could save you up to 30%. If your homeowners insurance in Atlanta has a low deductible, consider increasing it. Most insurance policies have a $500 deductible. Raising your deductible is one of the easiest ways to lower your premium. If you can increase your deductible to $1,000 you could save up to 25% off of your premium. For those who are able to increase their deductible beyond the $1,000 the savings will be be even more. It is important not to increase your deductible beyond an amount that you are comfortable with.
While it is great to be loyal, you may want to think about switching switching insurance companies. Even if you have been with the same company for the last 15 years, another company many be able to offer you a lower rate. If you really want to stick with your current carrier, ask them if they are able to meet or match other insurance companies rates.
By increasing the security in your home, you can reduce your insurance premium up to 10%. Don’t assume that you have to get a security system to qualify for this savings. Adding smoke detectors, carbon monoxide detectors and deadbolts also provide added security to your home and will lower your insurance rate.
Many people don’t think that their credit score can affect their homeowners insurance, but it can. At times insurance companies take a look at your credit report to determine if they should increase or decrease your premium. In order to provide you a full quote, some companies will require a credit check. It is a good idea to check your credit report often to make sure that nothing comes up that would affect your homeowners insurance. Before making any drastic changes to your policy, speak to your insurance agent. They may be able tell you about additional discounts that you may qualify for. Visit ATI Insurance for more information.
If your homeowners insurance in Atlanta has a low deductible, consider increasing it. For more information visit the website or Like us on Facebook.
