Tag Archives: insurance premiums

Ways to Save Money on Homeowners Insurance

Homeowners insurance premiums can be expensive. So we want to share some of the ways you may be able to save on your home insurance in Lynnwood, WA, or wherever you reside.

Bundle Insurance Policies

If your home insurance and auto insurance providers are different, you may be able to save money by finding a company who can offer you both. This is fairly easy to find, as most homeowners insurance providers also have auto insurance options. These companies often offer multi-policy discounts to entice clients to have both insurance policies through them. In most cases, the discount offered is around 10%.

Raise Your Deductible

Deductibles are the amount you will be required to pay before your insurance will kick in. If you want to save on your premium each year, it is best to have a high deductible. The downfall of this is that in the event that a claim is filed, the amount you’ll pay out of pocket will be much higher.

If you are simply unable to afford a high premium, this may be a great option for you. Of course, you will want to assess your risk for environmental damages as well as the condition of your home before you choose this option.

Buy a New Home

Homeowners insurance companies offer discounts for policies on newer homes. In some cases, companies offer a 15% discount on a new home. The reason that insurance companies do this is that the chances for claims on faulty appliances, burst pipes, and other common problems in older homes are lower in newer homes. If you are in the market for a home, buying new can be a great opportunity for keeping homeowners insurance premiums low.

Check for Location Discounts

Make sure that you’re getting the discounts you should be getting on your current homeowners policy. If your house is located near a fire station, you can get a discount for that. This is also true if you live near a fire hydrant.

Conversely, if you live in an area that is prone to flooding or other environmental disasters like earthquakes, insurance policies could be hundreds of dollars more every year. The location of your home will greatly influence the cost of your homeowners insurance.

Keep Your Credit Score High

If you can maintain a good credit score, you’ll likely get a better homeowners insurance rate. Many insurance companies look at credit scores when structuring their prices. Along with checking these scores, insurance companies will also look at how long you have stayed with previous insurance providers. If you’ve stayed with a company for more than three years, you may get a 5 to 10 percent discount on your premium.

10 Quick Tips on Getting Insurance

In addition to providing homeowners insurance for Smokey Point residents, our highly qualified team at American Insure-All® is here to help you better understand this type of insurance. Here are 10 quick tips about homeowners insurance you should know when you are shopping for policies.
Understand Replacement Value

Many people look at their insurance policies and misunderstand the difference between replacement value and the building value. The land your house sits on does not need to be replaced, so this is not included in these values.
Buy from the Same Company

The clearest way to save on homeowners insurance is to buy your homeowners, auto, and other insurance from the same company.
Shop Around

Doing a lot of shopping around with both online and in-person insurance companies can help ensure you pay the best premium for what you are getting.
Ask about Discounts

You will likely need to ask about discounts rather than just assuming the insurance agent will quote these to you in the price they offer.

Make Your Home Super Safe

Safety features such as security features and weatherproof improvements you make to the home can significantly affect what you pay for your policy.

Keep Your Insurance Company

Many insurance companies will offer lower premiums or discount rates the longer that you have them. If you shop around and are lucky enough to find that your company provides the best rates, you will want to stick with them.

Shop Every Year

A good way to save each year on your policy is to analyze it every year and shop around for better rates to make sure that you are getting what you need for the best price.

Make Good Deductible Choices

If you are going to raise your deductible to save on your premiums, then you should plan to keep the amount of your deductible in a savings account to ensure that you have the amount you need in the event you need to file a claim.

Shop Insurance before You Buy

Before you buy your home, you should take into consideration what homeowners insurance is going to cost. For this reason, you should shop for homeowners insurance before you buy your home.

Keep Your Agent Updated

As your life situations change, for example, if you get married, have children, or get divorced, you will want to make sure that you let your insurance agent know in case these changes will affect your premiums.

5 Quick Tips about Auto Insurance

Almost 30% of drivers in the U.S. are uninsured. Driving uninsured can have serious consequences and can get you in a lot of trouble, especially if you are in an accident. Here are five things you can do to make auto insurance premiums more affordable.

Rethink Unnecessary Coverage

When you are getting a quote for car insurance, you are going to hear a lot of things that sound like good deals that actually aren’t. If your vehicle is paid off and is not valued very high, for example, you might want to reconsider comprehensive/collision coverage. Qualified agencies like ours can help you determine what coverage options you can pass on.

Drive under the Radar

If you have a flashy sports car, you might look awesome driving down the freeway but these vehicles are more expensive to repair after an accident as well as being more popular with thieves.

Consider a Carpool

There are often discounts available for people who keep their annual mileage numbers down. Consider a carpool if possible to drive less and save on gas and insurance premiums.

Ask About Any Other Discounts

When you are looking for car insurance, make sure to ask about all of the possible discounts that you might qualify for.

Be a Good Driver

At American Insure-All®, we reward customers for being good drivers. To save on your auto insurance, steer clear of accidents and obey all traffic laws so that you will not have any dings on your motor vehicle record.

6 Consequences of Driving without Car Insurance

When the budget is tight, you may think that it’d be okay to forgo your car insurance. You’re a good driver anyway, right? Here are 6 consequences that you may have to deal with when you’re caught driving without car insurance:

1. Hefty costs to cover car accidents.
2. Loss of points for your license.
3. Ticketed on top of whatever you were pulled over for in the first place.
4. Suspended driving privileges.
5. Car registration taken away until you can provide proof of insurance.
6. Higher premiums when you finally get car insurance.

Don’t suffer the consequences for driving without car insurance. Contact American Insure-All®, and we can help you find affordable car insurance with the coverage that you want.