Home Insurance: How to Save Money

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Saving money on home insurance…something that every homeowner wants to do. We thought we would give you a helping hand! Here is some advice on getting the best deal on your policy.

Shopping Around

It’s important to shop around for the best deal. That’s where we come in! Since we are an independent agent (read more here) we do the shopping around for you! We can quote with multiple carriers, allowing us to shop your quote around. This saves you time and money, while also getting the benefits of shopping around! It’s the best of both worlds!

Consider Your Deductible

The higher your deductible is, the lower your monthly premium will be. An agent can walk you through the specifics of what is right for you. They can help you strike the right balance of deductible vs. monthly premium based on your personal situation.

Bundling

Simply combining your home insurance with your car insurance policy – also called bundling – is a great way to save some money!

How Much Insurance do you Actually Need?

Understand how much home insurance you actually need. Your home insurance should cover the cost to replace your house, not match the market value of the house. These can be very different dollar figures. In addition, there is the consideration of land. Your house is at risk from fire, wind, flooding, etc., but the land that your house sits on is not. This is an important detail that is often missed and leads many people to pay higher premiums than they should!

Security Devices

Installing security devices, or letting your agent know what home security devices you have, can lead to discounts. Smoke detectors, burglar alarms, or deadbolt locks can all potentially lead to savings.

Be Proactive and Ask About Discounts

Actually ask what discounts are available. At R&G Insurance, we pride ourselves on being proactive and asking the questions that lead to discounts. Other agencies might not ask these questions that could save you money!

Review Your Policy Every Year

Review your policy and possessions each year to make sure you are adequately covered. Have you made renovations to your home? Sold or bought watches or jewelry? All of these factors have an impact on how much coverage you need – and therefore, what your premium is.

Reach out to an agent today to see how R&G Insurance can save you money on your homeowners insurance policy!

R&G Insurance Associates is an independently owned and operated insurance company with 5 offices located around Maryland. We pride ourselves on offering a high level of service where clients feel like family. Come visit us at any of our five locations in Rockville, Glen Burnie, Prince Frederick, Lexington Park, and Manchester MD.