Home Insurance Discounts

Home Insurance DiscountsGaining knowledge of Illinois home insurance  policy means you will not be cheated, you will know what to reach out for and opt for that policy which covers you completely without any risk. Know more about policy basics to obtain a guaranteed protection for your family and your house, the biggest asset which may also save your money in return.There are may factors involved in determining the price of your Illinois home insurance policy. Certain factors do help in reducing your premium rates and obtain discounts, in return saving your money.

  • Increase your deductible : An increase in your deductible will reduce your Illinois home insurance premium rates. Here, you will be paying for that portion of incurred loss called as self insuring and you need to do a smart work in evaluating premium cost and savings made on choosing a higher deductible.
  • Multiple-policy discounts : Opting for multiple lines of insurance such as car insurance and home insurance from same company will fetch those multiple policy discounts and hence reducing your premium rates.
  • Security/Safety discounts : Installation of safety devices such as sprinkler system, burglar alarm, dead bolt locks, etc will not only safeguard your home but also will avail those discounts on your Illinois home insurance policy. Though the home security systems are expensive it fetches the benefits at the time of hazard.
  • Long-time policyholders : If you happen to have a home insurance policy with one insurance company and continue with them for several years without incurring any loss, then insurers do reduce your premium rates as you will be eligible for long time policy holder discount. Take those necessary steps to prevent losses with an Illinois home insurance policy today.

Ways to Keep Insurance Premiums Low

Keep Your Insurance Premium Low

If you have been with your current insurance provider for a long period of time, then it is possible that you are paying too much for insurance. Whether it is car insurance or home insurance, there are ways to keep your premiums low.

Shop around with other carriers to find out what their rates are like. Insurance carriers are always on the lookout for new policy holders. To get quotes simply call or send in your current coverage’s and have the quoting agent figure out what it will cost each policy term. Just make sure that the coverage’s are the same.

When switching insurance carriers, make sure to ask for a future effective date. Providers will often discount rates if they can issue the policy at least two weeks into the future. Just make sure that there will not be a lapse between policies as this can actually make your rates go up.

Bundle policies together in what is called a multi-policy discount. Most major carriers desire to have all the risks of a household insured by one company so they will offer discounts for bundling policies. The most common is the auto and home discount but don’t forget to ask about multi-policy discounts for boat and motorcycle insurance policies.

If you work for a company that offers benefits to their employees then check to see if they offer auto and home insurance.
Many times they will offer this benefit with the option of payroll deduction which usually saves 10-15% off the premium of most policies.

One discount that is often overlooked is the military discount. Service men and woman simply have to ask for the discount and provide documentation of service to have this discount applied.