How to Manage Home Insurance Costs

A part of being a homeowner in the Laguna Hills, CA area is budgeting for all the “extras” you may not have considered. Besides paying on your mortgage, you need to pay other expenses including homeowner insurance premiums. Friant Insurance Agency has the following tips on how to best manage home insurance costs.

Choose Wisely

Comparing quotes is a must when selecting a home insurance carrier. Ask for rates, but don’t always choose the lowest costing plan. A carrier should have a good reputation with a track record for providing superior service. Rates can also change based on your living situation, so always check in with agents even after you settle on a policy. For instance, if you install a security system, you may be offered a lower premium. In storm-prone locations, stronger roofing materials and storm shutter installations could also reduce premiums.

Increase the Deductible

As a way to save on your premium payments, you can choose a plan with a higher deductible. In most cases, you will pay less over time for a policy when you make the switch from a $500 to $1000 deductible. Insurance isn’t meant to cover small repairs, choose the highest deductible you are comfortable paying to better manage the monthly costs. Depending on the location of your property, you may have to pay separate deductibles for certain claims. For instance, earthquake-prone locations may have a separate deductible for damage claims caused by earthquakes.

Ask for Discounts

Insurance companies may offer a discounted rate if you use the same provider for both automobile and homeowner policies. Remember that the discount isn’t always a guarantee of savings. 

Need an insurance agent serving Laguna Hills, CA? Contact Friant Insurance Agency today for assistance with home insurance and other types of insurance plans.