Select the right agent

While loyalty is commendable, if your insurance agent only works for one carrier you could be missing out on ways to lower your home insurance rates. By selecting an Independent Agent who sells policies from multiple carriers you will have a wider range of options that can deliver you greater value.

Select an Insurance Carrier that is right for your needs.

Each insurance company has an ideal customer that meets their niche. You may have the right credit and claims history but live in a zip code the carrier is wanting right fewer policies in, meanwhile another carrier may be aggressively targeting your zip code and offering much better rates. If you want the best rates, work with an agent who will shop these coverages for you.

Determine Your Coverage Amount

Some insurance agents routinely quote you a home policy that is based upon market value of your home. However, basing the policy amount on what it costs to actually repair or replace your is a better way to select your coverage amount.

Coinsure where applicable

Another way to lower your premiums is to explore whether insuring for less than a full amount is right for you. Most insurance carriers will allow you to select a policy amount that is 80% of the replacement or repair costs of your home. Most home claims are for much less than the total amount insured so it may make sense to assume some of the risk in order to save money.

Increase your Deductible

Just increasing your wind and hail deductible from 1% to 2% can sometimes result in more than $1,000 per year savings. Speak with your independent insurance agent to determine if that is the right choice for your specific needs.

Bundle your policies

By purchasing your Home and Auto Insurance from the same carrier or even difference carriers but the same insurance agency you can get lower premium.

Make sure you have all the discounts you’re eligible for

To remain competitive or to attract a particular niche customer insurance carriers offer various discounts. Make sure you have all the discounts that are available to you.