5 Ways to Cut the Cost of Your Home Insurance in Carlisle, PA

August, 2013 by Alma Abell

Your Home insurance in Carlisle, PA can be a significant expense, but there are ways to lower the cost. If you’re on a budget, keep reading to learn the tactics that can save you a substantial amount of money on your Home insurance in Carlisle, PA.

Get a Higher Deductible
According to the FCIC, a $500 deductible is most common when it comes to Home insurance in Carlisle, PA. However, raising your deductible to $1,000 can give you some substantial savings. According to studies done by the government, this subtle increase can save homeowners up to 25 percent of their total insurance costs.

Bundle Insurance Policies
Buying your home and auto insurance from the same broker can save you a significant amount of money. Depending on the packages your insurance broker offers, you can save around 10 percent by combining the insurance policies on your house and vehicle. Investigating whether or not your insurance broker offers such deals can result in a welcome surprise.

Improve Your Credit Score
Many homeowners don’t realize that insurance companies use credit scores to determine the total amount of their Home insurance in Carlisle, PA. In a nutshell, a higher credit score results in a lower insurance premium. According to industry experts, raising your credit score by as little as 50 points can have a significant impact on how much you’ll pay for homeowners insurance.

Upgrade Safety Features
Improving the safety of your home can dramatically lower your insurance costs. To insurance agencies, a home that is safe from theft and fire is considered a low-risk investment. Capitalize on this by installing safety features like deadbolts, fire extinguishers and alarm systems. According to the FCIC, these subtle changes can qualify you for insurance discounts that will save you between 15 and 20 percent off the cost of your premium.

Seek Out Discounts
If you’re over 55, you can often save money on your insurance policy. Because retired people are considered low-risk policy holders, they are often offered discounts of up to 10 percent on their home insurance. Ask your broker if you’re eligible to receive to pay less on your insurance because of your age.

Home insurance can be costly, but there are many ways to economize on your insurance policy. Implementing a few of the tactics discussed above can result in significant savings on the overall cost of your insurance premium.

Farnham Insurance Agency has been providing customers with the insurance options they need to cover their lives, homes and businesses, for more than four decades.


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