Money Saving Tips for Wisconsin House Insurance

When you are trying to decide on a policy and looking at the quotes and premiums being offered to you, keep in mind that there are ways of saving money on your insurance:

  • Increase the deductible: Odds are that you aren't going to need to make significant claims on your house insurance policy, therefore, opting for a very low deductible will probably end up costing you more money in the long run. You are probably going to be better off increasing your deductible by a good amount and taking the savings on your premium and saving it in an account to use toward the deductible should you ever need to file a claim.
  • If you smoke, consider quitting: This factor can help not only with life and health insurance but also with house insurance as well because many house fires are started as a result of smoking and cost insurers millions of dollars every year.
  • If you are a senior: Ask if you qualify for any discounts available only to seniors.
  • Keep an eye on your policy: Things change from year to year and you may find that one coverage or level of protection that you needed before is no longer necessary. If that turns out to be the case, you can cancel or reduce that part of your policy, lowering your premiums and saving money
  • Don't be afraid to look around: Settling for the least expensive policy you can find may leave you lacking in coverage you need, so be sure to compare several policies at least before settling on one.
  • Get into construction: Making changes to the safety and security of your home such as installing extra smoke or CO2 detectors, security alarms, floodlights, and other items can bring your premium down, especially if you live in a neighborhood considered to be a risk by your insurance company.
  • Wait for the seniority discount: Staying with an insurer could entice them over time to lower your rates as a valuable customer. They may not offer this automatically, so try calling them and asking about it after you've been with them for several years.

Speak with the representative for the company you choose in detail about various discounts that are available. You don't have to settle for paying full price.

A big red house