| Home security improvement: | | | | How far is the fire station? |
| All insurance companies will happily offer you a | | | | If you live more than 5 miles from the nearest fire |
| discount for burglar alarms and smoke detectors. | | | | station and more than 1,000 feet from a fire hydrant, |
| Homes with fire and burglar alarms that communicate | | | | you can expect a higher premium. Also if you live in |
| with a third party monitoring company receive a | | | | the country, you will probably pay higher insurance |
| higher discount on their insurance premiums. | | | | rate than if you were living in the city. |
| When possible, choose a higher deductible: | | | | Type of construction: |
| To reduce your premium, it is best advised to | | | | The construction type of your home also plays an |
| increase the deductible to the extent you can afford. | | | | important role in determining your insurance premium. |
| Your home insurance premium will fall by as much as | | | | A wood frame home will cost more to insure than |
| 20% if you increase the deductible from $200 to | | | | the one built mostly of concrete. |
| $1000. | | | | Claims free record and renewal discounts: |
| Multiple insurance — Same provider: | | | | If you have not had a claim under your current home |
| If you consolidate your home insurance and auto | | | | owners policy for the past 3-5 years, you will get a |
| insurance with one insurance company, expect a | | | | 15% discount on your premium. Expect additional |
| premium reduction between 10 — 15%. This | | | | discount if your policy has been in force with the |
| also means you are making one payment for all your | | | | same insurance company for 3 years or more. |
| insurance needs. Consolidate and win. | | | | Conclusion: |
| Discount for non-smokers: | | | | I am hopeful you have gained preliminary knowledge |
| Some home insurance companies will offer a | | | | on the subject of home insurance premiums. With |
| non-smoker discount to the tune of 15%. Check with | | | | these helpful tips you will be able to understand and |
| your insurance company if they offer a non-smokers | | | | demand discounts on your home insurance premiums. |
| discount. | | | | Good Luck! |