A Guide to Homeowners Insurance Discounts

December 22, 2012

Many policyholders with Auto Insurance and Homeowners
Insurance are aware of all the basic discounts they can receive in bundling
their policies with the same companies in addition to smoke alarm, security systems,
and loyalty discounts. If you know what to ask, you can even get more, lesser
known discounts.

Insurers constantly estimate and sometimes offer new
discounts for simple reasons- to attract new customers and lower their own
costs. Insurers are always evaluating the market and based on research, there
are new discounts available to draw in newcomers.

Homeowners are recommended to review their current
homeowners insurance policies regularly and ask their agents about what is
available. Here are some things to ask:

  1. If you’re a senior age 60 or older, you may get
    a cost cut. For example, Nationwide offers seniors a discount up to 15%.
  2. Non-smokers can receive a discount through Allstate,
    as well as those who just recently quit smoking.
  3. You can also get a discount if you’re married or
    widowed. Nationwide offers a 5% discount for those who qualify.
  4. According to Liberty Mutual, you can receive a
    discount for increasing your home’s coverage due to a rise in inflation rates.
  5. Liberty Mutual also offers a discount if you
    purchase a new home and if the purchase closes within 60 days of your policy’s
    effective date.
  6. Not having a property damage claim for a
    specified amount of time. For example, Liberty Mutual gives discounts for three
    years without a claim.
  7. You can also receive a discount if you buy
    coverage for the entire value of your home, and/or you purchase a new policy before
    your old policy with your prior insurer expires.
  8. You may receive a discount if you qualify as a
    new policyholder with a company. Allstate offers a “welcome” discount for new
    customers for the first two years of their coverage.

you have questions about your homeowners insurance and the other discounts you
can receive, call the agents at Alandale Insurance. They’re more than able to
provide any information you need to help you save money on your homeowners
insurance. Call Alandale Insurance at (888) 854-4501 for more information.

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