It’s more common than you think for home insurance carriers to change the cost of policy premiums each year. With all the moving parts that go into home insurance, it’s easy to set and forget after purchasing your policy. However, you may be missing opportunities to save money if you don’t take the time to re-shop each year. Learn how it’s possible to save money on your homeowners insurance policy without sacrificing coverage by re-shopping annually.
Reasons to Re-Shop Your Homeowners Insurance
You’ll want to review your home insurance policy at least once a year to make sure it’s still covering your needs and any new additions to your home. Reviewing your coverage annually also ensures that you don’t pay for coverage you no longer need.
It’s normal for home insurance rates to increase each year, but if you’ve noticed a significant increase in your premium at the time of renewal, you’ll probably be able to find the same amount of homeowners insurance coverage at a lower rate with a different carrier.
If you’ve made home improvements recently, that’s also a good reason to re-shop your home insurance. Many carriers provide discounts for improvements like installing a home security system, improving electrical, plumbing or heating systems and more.
SelectQuote Helps Our Shoppers Save Money on Home Insurance
There are a number of things that could impact the cost of your home insurance, but here at SelectQuote we try to find the most affordable home insurance for you. We can help you through the complexities of buying home insurance by comparing trusted insurance carriers in just minutes. We can answer your questions, explain the details of your policy coverage, help you find home insurance discounts and more.
How to Shop for Homeowners Insurance
Before you begin the process of re-shopping your home insurance, you’ll want to familiarize yourself with the basics of home insurance, taking the time to understand the different types of coverage and get a general idea of how much of each you’d need. Our coverage quiz can also help give you an idea of how much homeowners insurance coverage you need.
The most important thing you can do when shopping for homeowners insurance, though, is to shop around. While it may be tempting to just go with the carrier with the lowest premiums, you’ll want to make sure you aren’t sacrificing the coverage you need. At SelectQuote, we’ll do all of that for you.
Save Even More Money by Bundling Your Homeowners Insurance
One of the easiest ways to save money on your homeowners insurance is by bundling insurance. Bundling—also known as a multi-policy discount—can often save you money by going through the same carrier for both home insurance and auto insurance. It’s extremely common to bundle your home and auto insurance, but there are likely other coverages you currently have or need that can also be bundled for a discount.
Shop Your Homeowners Insurance with SelectQuote to See How Much You Can Save
It’s important to make sure your home is adequately protected, but it’s also important to make sure you aren’t overpaying for coverage. Working with SelectQuote makes it easy to reevaluate your home insurance coverage and to find out if you’re eligible for any policy-related home insurance discounts.