3 Ways To Cut Insurance Rates On Your Next Home

19 January 2015 by Elijah Steward

Are you in the market for a new home? If so, you likely have concerns about your home insurance costs increasing. To ensure your new home allows you to obtain affordable homeowners insurance, there are a few tips and factors to consider when shopping for your next home, such as buying a home that:

Is near a Fire Station:

If your new home is not within 5 miles of a nearby fire station, then you could be hit with an extra 20% on your insurance premium. This can be a hefty cost and can easily add up over the years, so you will want to be certain that the home you shop for does have a nearby fire station, as this will help you keep the cost of your insurance low.

Has Security Features:

Many insurance providers take a close look at how much of a liability you are as a policyholder. If your new home has a high risk of being broken into, then you will likely be hit with higher insurance premium rates, which can add up quickly. To avoid being a high liability, it is in your best interest to shop for a home that has great lighting around the perimeter of the home and motion detection lights. Great home lighting can help prevent home break ins. Your insurance provider might take notice of and provide you with discount savings.

Is Located in a Low-Crime-Rate Neighborhood:

Before shopping for your next home, be sure that you take the time to compare a few different communities and check to see which community has the lowest crime rate. Buying a home in a safe neighborhood can definitely help you save on your homeowners insurance, as your home is not prone to vandalism or break ins. Buying a home in a community that has low crime rate numbers can help you save big on your annual insurance premium cost.

By taking advantage of these tips, not only will you buy a home that is safe, but a home that allows you to obtain many discounts when shopping for homeowners insurance. This can save you a great deal of money a year, which will help better your investment on your new home. So, before you begin shopping for your next home, be sure that you see which home offers security features, is located in a safe community, and has a fire station nearby.

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