Even after you pay off your mortgage, you’ll want to maintain your Denver homeowners insurance in good standing. While you can’t eliminate this expense altogether, you can take action to reduce the amount you’ll pay in premiums throughout the year. In many cases, the steps you’ll take to lower your insurance costs won’t affect your coverage at all.
Shop Around
Even after you start a policy, keep in touch with independent insurance agents in Denver. They can help you keep an eye out for rate drops from competing companies, or they might find limited deals that will help you save throughout the year. Especially if you have taken steps to improve your credit score, shopping for a new policy every six months can really pay off.
Increase Your Deductible
Most finance experts recommend adding a $500 deductible to your Denver homeowners insurance policy. If you can cover a larger deductible of $1,000, you’ll save an additional 25% on your premiums. That can add up quickly even if you don’t take any other action to lower your insurance rates.
Install New Security Equipment
Investing in the safety and security of your home will help you lower your insurance costs further. You’ll pay less for your insurance when you install fire safety equipment, home security systems, carbon monoxide detectors, and other security technology. Independent insurance agents in Denver can tell you exactly how much you’ll save when you install new equipment.
Start reviewing quotes for your homeowners insurance from home by visiting Longevity Insurance Brokers online today.
