You don’t have to pay full price for your home insurance. There are lots of discounts you may be eligible for, including some very basic ones, and all you have to do is ask. “Insurance companies try to provide an opportunity for customers to lower their premiums,” says Mario Morales, senior corporate underwriting consultant at MetLife Auto & Home in Warwick, R.I.
Homeowners signing up for new insurance coverage will be asked a series of questions, either by their agent or by the insurance company, to determine which discounts may apply. But come renewal time, there’s no obligation for them to recheck, which is why it’s important to stay on top of things, says Bill Wilson, an associate vice president of the Independent Insurance Agents and Brokers of America, an Alexandria, Va.-based trade group.
Getting cheap home insurance doesn’t have to be complicated; it can be as simple as being a faithful customer or having good credit. Here’s a look at six simple money-savers you may not know about.