How to Get Cheaper Home Insurance

There are a variety of different ways to get a lower price on your home insurance. Don't assume that you'll have to pay full price for insurance. There are some things you can do that will give you a break on your insurance premiums.

Use the same provider

If you don't have all of your insurance with the same provider, you're probably missing out on savings. Insurance companies are desperate for your business and will reward you for bundling together your policies. In some cases you can save as much as 20% to 30% by having one company handle both your house and your auto insurance in Calgary. Sometimes you can even have your life insurance bundled together as well for extra savings.

Get a quality alarm system

Cut down your insurance premiums by installing a quality burglar alarm system. If your alarm is connected to a central alert station you may find that your insurance premiums will decrease by as much as 10%. Insurance companies offer this discount since they know that your home will have 24/7 monitoring, which reduces the risk of having to make a payout.

Find out first from your insurance company how much you will be saving before installing any type of alarm system. There will be certain restrictions on the types of alarms that will fit into the category for discounted savings. You'll want to be sure that the alarm you put in is actually going to save you money on your home insurance.

Shop around

Shop around and then shop around even more. You'll be amazed at the different insurance prices being quoted from one company to the next. You should also find out how much it would cost if you were to raise the deductible. In some cases you can save 30% or more by substantially raising the deductible . Sit down and have a pen and paper ready to record the various quotes you receive from  companies while taking into account the differences in price quotes based on a higher deductible.

You can save money on your home insurance by shopping around, installing an alarm system and by bundling together your insurance policies. While it can take a little effort to put all together, you may see significant cost savings as a result.