5 Easy Ways to Get Cheaper Home Insurance in CT

If you own a home in Connecticut, you know that home insurance rates can be expensive. According to data compiled by Home Insurance LLC at the end of 2013, the average cost of home insurance in CT is $799. If that’s more than you’d like to pay, there are some ways to get insurance discounts. Below are some tried-and-true methods of getting a lower home insurance quote.

Update Your Plumbing

Water damage in the home is a big concern to insurance companies, so if your plumbing is older you could be paying more for insurance than you need to. Updating outdated or damaged plumbing lines is an investment that could save you up to 20% on your home insurance policy, according to some experts. The same goes for your home’s electrical wiring and HVAC system.

Raise Your Deductible

One of the quickest ways to save a substantial amount of money on your home insurance in CT is to raise the deductible on your policy. If you can afford the higher out-of-pocket cost, increasing your deductible to $1,000 can save you around 25% on your premium, according to the FCIC.

Bundle Your Insurance Policies

Another easy way to save on your home insurance is to bundle it with your car insurance. Buying multiple insurance policies from the same company almost always results in a discount. How much? Depending on the company, anywhere from 10 to 20%.

Invest in Home Security

Beefing up the security in your home can result in substantial savings when it comes to homeowner’s insurance. For example, adding a security system that automatically alerts the police can get you discounts of up to 25%. If that’s out of your budget, try installing deadbolt locks on all your doors. According to The Family Handyman magazine, this one small move can shave 5% off your policy.

Improve Your Credit Score

Many people don’t realize that their credit score affects how much money they pay for insurance. With most companies, a poor credit rating can inflate your premium by up to 40%. Because of this, taking measures to clean up your credit can pay off big 6 months down the line when you’re able to get a lower insurance rate.

Home insurance can be expensive, but there are lots of ways to get a lower rate. For even more ways to save, contact the experts at RDDK Insurance.

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