April 27, 2023
Finding lower cost home insurance

How To Get Lower Home Insurance Rates Made Easy!

Worried about the rising cost of homeowner's insurance?

You're not alone.

It's no secret that home insurance rates have been on the rise in recent years.

In fact, a recent study found that the average American homeowner now pays over $2,417.10 a year for homeowner's insurance, according to MarketWatch.com.

That's a lot of money.

But there is good news. 

You may be able to save hundreds of dollars on your home insurance rates by shopping around and comparing quotes from different insurers.

Don't spend another day worrying about the cost of homeowner's insurance.

Compare quotes today and find an insurer that offers you the best rate possible. It only takes a few minutes, and you could save hundreds of dollars on your annual premiums.

Insurance Brokers Group represents over 20 of the best-rated insurance companies in the country.   Plus, there is no cost of fees for our services, because the insurance companies pay us directly. 

There are ways to get lower rates and keep your costs down.

In this blog post, we will outline a few ways to get lower home insurance rates quickly and easily.

Stay tuned, because at the end of this post, we will also provide a few tips on how to get even lower rates through our agency Insurance Brokers Group!

Home insurance rates have been on the rise in recent years.

There are a few reasons for this. 

One reason is that the cost of repairs and replacement has gone up. Another reason is that insurers have had to pay out more claims because of an increase in natural disasters, such as hurricanes and wildfires.

The cost of labor and materials has also increased in recent years and the shortage of people available to do repairs has also driven up costs.

One of the main factors is the rising cost of home prices. Home Price Rise More Than 20% Year-Over-Year, Biggest Surge in 35 Years according to the Wall Street Journal. 

Another reason for the increase in home insurance rates is that there has been an increase in the number of fraudulent claims. This has forced insurers to raise premiums in order to cover their losses. 

What can you do to lower home insurance premiums?

There are a few things you can do to lower your home insurance premiums. One is to shop around and compare rates from different insurers. Another is to raise your deductible, which will lower your premiums but also means that you will have to pay more out-of-pocket if you have to make a claim. 

1. Raise your deductible

Increasing your deductible from $1000 to $1,500, or even $2,500, can save you up to 25% on your home insurance premium. Of course, you'll need to have enough money saved up to cover the cost of your deductible in the event of a claim.  

Think of home insurance as a way to pay for catastrophic losses, not small claims that will raise your premium next renewal and potentially put you in a high-risk category.

2. Shop around

Getting quotes from multiple insurers is the best way to find the best rate for your home insurance policy. Just be sure to compare apples-to-apples when you're shopping, so you're comparing policies with the same coverage levels and deductibles.

3. Bundle your policies

Many insurers offer discounts when you bundle your home and auto policies. So if you have both policies with the same company, you could save up to 20% on your premiums.

4. Install a security system

Many insurers offer discounts to policyholders who have a security system installed in their homes. The discount usually ranges from 5% to 15%, so it's worth checking with your insurer to see if you qualify.

5. Don't file small claims

If you file a lot of small claims, your insurer may raise your premiums or even cancel your policy altogether. It's usually cheaper, in the long run, to pay for minor damages out-of-pocket than it is to file a claim.

If you follow these tips, you should be able to lower your home insurance rates. However, if you want to get the absolute best rate possible, we recommend getting quotes through our agency, Insurance Brokers Group.

At Insurance Brokers Group, we work with over 20 different insurers and can help you find the best rate for your

How to get home insurance quotes from multiple companies at NO cost?

The good news is that you don’t have to accept the rate increase. You can take action! Shopping around for a better deal is easy with Insurance Brokers Group. We can connect you with multiple insurance providers so you can find the best rate and coverage for your needs. Contact us today to get started or click the link to start the simple process of getting quotes. 

10 ways to save on homeowner's insurance anyone can do

  1. Shop around and compare quotes from multiple insurers. This is one of the most important things you can do to save money on homeowners insurance. Each insurer has its own rates, so it's important to get quotes from several different companies before you make a decision.
  2. Increase your deductible. The higher your deductible, the lower your monthly premium will be. However, it's important to make sure you can afford to pay your deductible if you need to file a claim.
  3. Bundle your home insurance with other policies. Many insurers offer discounts if you bundle your home insurance with other policies, such as auto insurance or life insurance.
  4. Take advantage of discounts. Many insurers offer discounts for things like having a security system, smoke detectors, or a fire sprinkler system.
  5. Maintain a good credit score. Insurers use credit scores to determine your risk, so having a good credit score can help you get lower rates.
  6. Make your home more secure. By taking steps to make your home more secure, you can reduce your risk of theft and other crimes. This can lead to lower homeowners insurance rates.
  7. Install safety features. Installing safety features, such as smoke detectors, fire sprinklers, and security systems, can also help you lower your homeowners insurance rates.
  8. Choose a home in a safe location. The location of your home can also affect your homeowners insurance rates. Homes in areas with a high crime rate or that are prone to natural disasters will typically have higher rates.
  9. Stay up-to-date on your home's value. Your homeowners insurance policy should cover the replacement cost of your home, not the purchase price. Make sure you update your policy if your home's value has increased.
  10. Review your policy annually. It's a good idea to review your homeowners insurance policy annually to make sure you have the coverage you need and that your rates are still competitive.

By following these tips, you can save money on homeowners insurance and protect your home and belongings.

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John Espenschied is a long-time veteran of the insurance industry. He's worked with thousands of clients over the years, helping to protect their personal and business needs. John's goal is to provide the best advice possible to assist customers in saving money while protecting their property and securing their financial future.
He truly enjoys helping others and takes great satisfaction in providing top-notch customer service. When he's not working, John has fun spending time with his family, golfing, bike riding, and blogging on insurance topics.

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