As a potential new home buyer in Florida,
you may be aware that insurance premiums can be quite high in the state, especially in light of recent natural disasters like hurricanes. However, there are several ways to save on your home owners insurance in Florida. Here are 8 tips to help you keep your insurance costs down:
Raise your deductible
One of the simplest ways to save on your home owners insurance is to raise your deductible. This means that you will be responsible for paying more out of pocket in the event of a claim, but it can lead to significant savings on your insurance premium.
Bundle your policies
Many insurance companies will offer discounts if you bundle your home owners insurance with other policies, such as car insurance or umbrella insurance.
Make your home more disaster-resistant
Some insurance companies will offer discounts if you take steps to make your home more resistant to natural disasters, such as installing hurricane shutters or reinforcing your roof.
Maintain a good credit score
Your credit score can have a big impact on your insurance rates. If you maintain a good credit score, you may be eligible for lower insurance premiums.
Shop around
Don’t just accept the first quote you receive. Get quotes from several different insurance companies to find the best deal.
Consider a home security system
Some insurance companies will offer discounts if you have a home security system installed.
Be a non-smoker
Some insurance companies will give lower rates for Non-smokers.
Ask about discounts
Be sure to ask your insurance company about any discounts that you may be eligible for, such as a senior citizen discount or a loyalty discount for staying with the same company for a long period of time.
By following these tips, you can potentially save a significant amount on your home owners insurance in Florida. Remember to also be familiar with the Florida’s insurance regulator and the best companies to get insurance from. Some insurance companies operate only in some states, so always check if they are licensed to operate in Florida.
It is also important to note that insurance premium can vary depending on the area and location you live in. It’s always best to do a research of your own in finding the right company that suits your need. Remember that the key here is to shop around and compare rates. With a little bit of effort, you can find a policy that offers the coverage you need at a price that you can afford.
Call us today to inquire on how to buy a home and save!