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Tips on Saving on Home Insurance

August 15, 2022


Saving on home insurance can be challenging if you are not sure of the ways to go about doing it in the best manner. Paying less for homeowners insurance can make your budget more manageable. Additionally, many factors impact rates, so there are many potential ways to save.

Saving on Home Insurance

Here are a few things that could let you qualify for more affordable coverage.

Fortify Your Home 

Structural improvements to your home could ease insurance carriers’ concerns about the risk of damage. In areas of the northeast that can experience severe hurricanes in the summer and heavy snowfalls in the winter, making your home resistant to the elements has year-round benefits. MA homeowners insurance providers may assign considerable value to upgrades such as a roof replacement or a foundation repair.

Replace Windows

Getting new windows can offer homeowners numerous advantages. This improvement will likely increase your home’s assessed value and appeal to prospective buyers if you list it. It also makes your home less likely to suffer from water damage. Replacement eliminates common window safety hazards, and impact-resistant windows can prevent break-ins.

Step Up Security

When considering how to save on home insurance, try to identify practical measures that could make your home safer. The expenses of putting in a home security system with continuous monitoring are more affordable than in years past. Also, it is relatively easy to set up multiple motion-activated cameras in and around your home. Installing fencing or an electronic access system makes your home a less appealing target for a break-in.

Improve Your Credit Score 

Raising your credit could help with lowering the cost of home insurance. Your credit history and outstanding financial obligations could affect how carriers assess the likelihood that you will initiate a claim. Someone applying for MA homeowners insurance with an excellent credit score could have access to lower rates than someone who has a poor score.

Pursue Savings with Package Policies

Getting multiple types of policies from one carrier might be an excellent way to get a discount on coverage. When getting quotes, find out if you can get better rates if you use the same provider to insure vehicles or other property.

Increase Your Deductible

Attaching a higher deductible to a homeowners insurance policy is one of the most straightforward ways to lower premiums. This option entails taking on more financial risk if you need to file a claim against your policy, but it could yield substantial long-term savings.

As home prices have been rising, there have been ripple effects in the marketplace for insurance. Homeowners must be conscientious about keeping rates down. Of course, you cannot control what happens in the housing market. Nevertheless, some of the decisions you make as a homeowner could significantly impact the cost of safeguarding your investment in residential real estate. 

About E.J. O’Neil Insurance Agency

Since 1898, E.J. O’Neil Insurance Agency has provided homeowners with reliable coverage and high-quality customer service. Today, we offer a variety of policies, including commercial, boat, automobile, homeowners, motorcycle and renters insurance. Quotes are free by phone or online request, and we can provide notary and other services at our location. We pride ourselves on caring for customers when they need it most, proving it with over $3.2 million in claims paid over 12 months. To find the right coverage for your need, call 413-594-4757 or visit us online.