5 Smart Ways to Lower Your Home Insurance Bill
We all want to save money, and your homeowners insurance premium is a great place to start. Here at Glick Insurance Agency in Beachwood, we specialize in finding every possible way to lower your rate without sacrificing your protection.
Ready to cut your costs? Here are five smart moves you can make today:
1. Bundle Your Policies (The Easiest Win)
The simplest and most significant discount you can get is the multi-policy discount. If you insure both your home and your car with the same carrier, they will reward you with major savings on both policies.
- Tip: If your home and auto insurance are currently with different companies, ask us to quote them together. The bundled price is almost always lower than the separate ones.
2. Increase Your Deductible
Your deductible is the amount you pay first when you have a claim. If you can raise it from a low amount (like $500) to a higher amount (like $1,000 or $2,500), your premium will drop instantly.
- Tip: If you have a solid emergency fund set aside, boosting your deductible is a simple way to get big savings every year.
3. Make Your Home Safer
Insurance companies offer discounts for anything that reduces the risk of a claim. You can save money by installing:
- Protective Devices: Monitored burglar and fire alarm systems, as well as deadbolts and fire extinguishers.
- Water Sensors: Small, affordable sensors near appliances or in the basement that alert you (and sometimes the monitoring company) to a leak before it becomes a disaster.
4. Invest in Key Home Upgrades
Do your systems reduce the risk of fire or water damage? Carriers reward homeowners who keep their property well-maintained. You can often get discounts for:
- Replacing an old roof.
- Updating outdated plumbing or electrical systems.
- Being a “new home buyer” (even if the home is just new to you).
5. Be a Loyal, Claim-Free Customer
Did you know your history with an insurer matters? You can often receive discounts simply for:
- Being Claim-Free: Avoiding small claims over the last 3-5 years.
- Customer Loyalty: Staying with the same company for a longer period of time.
We Find the Savings for You
Finding all these discounts is what we do best. As your local independent insurance experts in Beachwood, Glick Insurance Agency compares options from multiple carriers to make sure you have the best coverage and the lowest rate.
Stop leaving money on the table. Contact us today for a consultation and let’s start saving!
