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3 Things That Can Help Lower Your Homeowners Insurance Cost

Auto Insurance
September 23, 2022

It is true that the responsibility of the homeowner goes beyond just paying the mortgage. Homeowners insurance is one of those responsibilities. As a North Carolina homeowner, you should have insurance to protect your home and belongings. It protects you in the event of a disaster, such as a fire or theft. Also, it can provide you with financial help if you’re ever held liable for someone’s injury on your property. But all this coverage comes with a cost.

And no doubt, Homeowners insurance premiums can be quite expensive, and they seem to keep rising each year, especially if you live in a high-risk area such as an area prone to floods or those notorious North Carolina hurricanes or in a big city like Raleigh or Durham which may have higher crime rates.

To illustrate, let’s say you’re a homeowner with an annual homeowners insurance premium of $1000. If you continue paying this amount each year, your premiums will go up regardless of where you reside. And while you may feel like there’s nothing you can do, that isn’t necessarily true. There are actually several ways to reduce your Homeowners insurance costs and save money on your premiums.

Here are 3 steps the average homeowner can take to lower their insurance costs. If you have any questions about these or you would like one of our licensed agents to review your current policy, please contact us and we’ll be happy to help:

1. Increase Your Home’s Security:

By increasing your home’s security, you can make it more difficult for someone to break in and steal your belongings or commit vandalism. Adding security features such as a monitored alarm system, deadbolts on all exterior doors, motion-sensor lights outside, and window locks can help lower your Homeowners insurance premium. In addition, be sure to notify your Homeowners insurance company if you make any changes to the home, such as installing a new roof or upgrading windows.

2. Shop Around:

Homeowners’ insurance companies all make their money by assessing risk and setting premiums accordingly; that’s why it pays to shop around for the best deal. Don’t just accept the first Homeowners policy rate you’re offered; instead, request quotes from multiple companies and compare coverage and rates until you find the best deal. Or you can contact Superior Insurance in Raleigh or Durham. We will do all the shopping for you and present you with the best offers we find.If you choose to do all that research on your own, keep in mind that Homeowners’ policies can differ from company to company, so it pays to read the fine print and make sure you’re getting the coverage you need at a price you can afford.

3. Raise Your Home’s Deductible:

Homeowners’ insurance deductibles are what you pay out of pocket in the event of a claim, such as replacing damaged or stolen property. Raising your deductible can reduce your Homeowner’s premium, but make sure it won’t cause financial strain if something does happen and you have to pay the full amount. Apart from this, if you have additional coverage, such as flood or earthquake insurance, consider raising your deductible for those policies as well.

Overall, By following these tips, you can reduce your Homeowners insurance costs and ensure that you’re still adequately protected in case of an unexpected disaster or injury. And who knows? You may even end up saving enough money to take that vacation you’ve been dreaming about. That’s great news, for sure!

Superior Insurance is ready to help North Carolina homeowners with all their insurance needs. Some homeowner’s insurance policies  can start as low as $500 per year. Our 4 offices are all staffed with licensed NC insurance agents  and conveniently located in Raleigh and 2 offices in Durham, NC. Please stop by, call, or fill out a quote request online and start saving money today!