Discounts

There Are Several Discounts Available to Help Maintain the Total Cost of Your Homeowners Insurance Premium Down.

Insurance companies vary with the types of discounts they provide and depending on their provided discounts you may be entitled to a reduction in your Homeowners Insurance Premium.
 

Multiple Policy Discounts
 
Companies that provide homeowners and auto policies will often take 5 to 10 percent off your premium if you keep two or more policies with them. (Varies with companies.)


Safety Device Discounts
 
Should your house provide smoke detectors you can usually get a discount of 2 to 5 percent.
Fire extinguishers, dead bolt locks, a burglar alarm or sprinklers can help reduce the cost of your premium 15 to 20 percent. (Varies with companies.)


Mature Homeowner Discount
 
If you are of age 55 or older and retired, you may qualify for a discount of 5 to 10 percent.
A retired homeowner tends to be home more often than the average person and can look over it more. (Age qualification and discount varies with companies.)


Non Smoker Discount
 
Some companies will offer to reduce the premiums by awarding a 5 percent discount to homeowners who do not smoke and have a less likelihood of seeing their homes go up in smoke. (Varies with companies.)


Loyal Customer Discount
 
Having maintained coverage to your Homeowners Insurance Policy for several years with the same company may entitle you to a reduction of 5 percent for 5 years and even up to 10 percent after maintaining coverage with them for 6 years or more. (Varies with companies.)


Fire Restraint Building Materials
 
A house constructed of fire restraint materials reduces the chances of a fire or the extent of damages and many Insurance Companies offer discounts reducing the total cost of your Homeowners Insurance Policy.


New Home Discounts
 
The purchase of a new home can get you a discount of 1 to 14 percent towards the cost of your Homeowners Insurance Policy premium.  A new home would have newer and safer features than that of an older or already built home.