How Can I Lower My Greensboro Home Insurance Premiums

Ensuring that you obtain adequate, affordable Greensboro home insurance when purchasing a home in the Greensboro area is an important facet of the house buying process. Using an independent insurance broker who will provide you with multiple quotes from a variety of insurers will ensure that you have the widest range of options when deciding what company to select for your homeowner's coverage, and it should be noted that, depending on which insurer you choose, insurance costs can vary by hundreds of dollars per year for basically the same coverage. You should also not limit your choice simply to cost, as service quality is an important aspect of the total insurance package.

Once you've obtained your homeowner's insurance policy, you may be tempted to just throw it in a file and forget about it unless something happens that requires you to refer to the document. This is an all too common mistake. Experts agree that you should regularly revisit the terms of your insurance policy, preferably on an annual basis, and to update it, as needed, if anything changes regarding the condition of your home such as the building of an addition or the installation of a security or sprinkler system, both of which should lower your premium rates.

Lowering Your Greensboro Home Insurance Premiums

There are other ways to lower your homeowner's insurance premiums besides the two just mentioned, and one of the easiest methods for learning ways to do this is to ask your insurance agent what he/she can suggest for your specific needs. While changing insurance providers could be one option for lowering your costs, there are others that could also be helpful in saving you some premium dollars. Consider these:

• Raising your deductibles should lower your premium rates.
• Make sure you're not carrying coverage on the land your home occupies as the land isn't at risk for most of the perils your homeowner's policy covers.
• Increase your home's security profile by adding an alarm system, smoke and CO2 detectors, deadbolts on all exterior doors and window grilles. Make sure these window grilles are legal for allowing quick fire egress.
• Seek discounts from your insurance provider such as one for insuring your car, life and home with the same company.
• Look for a discount available to those paying their premiums annually rather than monthly.

For more ideas, consult your trusted insurance broker.