Want to own a house? Whenever you think you’re ready to finally buy a house, there’s another unavoidable expense you need to think about—homeowners insurance.

Most lenders will require you to purchase some form of homeowners insurance, but even if they don’t, it’s still a sensible choice.

For most people, their homes are their most valuable assets which is why they invest insurance policies to protect them from unforeseen disasters.

The amount you pay in premium will depend on the age, size, and location of the house, but generally, homeowners pay around $1,200. Although these policies may feel like an added expense, knowing that your insurer will cover you when disaster strikes does give you peace of mind.

Here are some tips you can use to reduce home insurance costs:

Feel Free to Shop Around

Insurance Agents

Don’t settle for the first insurance provider you come into contact with. Weigh the policies of multiple (at least 3 providers) before you decide which one’s best for you. There are several online portals that can help you compare quotes easily.

Keep an eye out for insurance companies with strong ratings from trusted agencies.

Maintain a Good Relationship With Your Insurance Agents

Before you look into ways to bring down your insurance costs, take some time to understand exactly what your current policy covers.

Insurance companies claim that they simplify documents to make it easy for clients to understand the policy, but the thick booklets you receive can be quite intimidating.

Read the declarations page of your policy; this summarizes your coverage. Once that’s done, look at the exclusions page to see what isn’t included in your policy. This can help you to determine what you would like to have but don’t have at the moment.

By maintaining rapport with your insurance agents, you can use their expertise to find the best policies that fit your specific needs.

Take Advantage of Discounts

The quotes you receive from an insurance company isn’t set in stone, you can get special discounts if you belong to certain groups (university, employers, homeowners association, etc.).

You may also qualify for a discount if you pay your premiums upfront or have been with your agency for more than 3 years.

Increase Your Deductibles

Usually, the higher your deductibles, the less you pay in premiums; by increasing your deductibles by $500, you can save up to 25% on premiums says the Insurance Information Institute.

When picking a premium amount, consider the type of damages that will cause you to file a claim. By avoiding small claims, you can stop your premiums from increasing.

If you’re still struggling to bring down your lowering your premiums, consult your insurance agents for help.

Western Mass Auto Insurance, offers affordable Home and Apartment Insurance Springfield MA

that fit your needs. Its insurance agents work with leading insurance providers and help you get the policy for you. Contact them at (413) 781-3800 for more information on our Home and Apartment Insurance.