How to save money on home insurance in Birmingham

Home insurance might seem pretty pricey. Those premiums aren’t necessarily inexpensive. But you’re not completely out of luck when it comes to your Alabama home insurance rates – there are things you can to save money on your home insurance. You can lower those premiums without sacrificing coverage. Take a look at these tips to save money on Alabama home insurance.

How to save money on home insurance.

1. Bundle Alabama home and auto insurance.

Bundling your home and auto insurance means that you’re getting both types of coverage from the same insurance company. Many carriers offer a pretty nice discount if you get multiple types of insurance from them. So, if it makes sense for you to get both your home and auto insurance from the same company, you may want to consider bundling. You might be pleasantly surprised.

2. Take advantage of home insurance discounts.

Insurance companies offer different discounts, and you might be qualifying for one without even knowing it. Discounts are a super easy way to lower your premium – you just get a reduced price for doing things you already do. Do some research into the discounts offered by your carrier or reach out to your agent to see if there are any savings they can help you find. And if you’re in the process of getting quotes, be sure to ask what sort of home insurance discounts are available.

3. Raise your deductible.

Your deductible is the amount of money that you agree to pay if you have a home insurance claim. The insurance company pays the rest. If you choose a higher deductible, you could see lower insurance premiums because you’re less likely to file a claim.

But it’s a balancing act because you don’t want to set your deductible so high that it would be a huge financial burden to pay if you had a claim. Consider how much money you could comfortably put towards a claim in an emergency. If you find that you could raise your deductible, you could see savings on your premium. But again, you don’t want to be in a situation where one claim is going to clean you out because of your deductible.

4. Take steps to make your home safer.

Making your home safer could help you save money on home insurance. For example, the following safety features may allow you to get lower rats:

  • Home security system
  • New electrical wiring
  • A new roof

But you need to do some math to make sure that these home improvements will actually pay for themselves before you make any huge changes for the sake of lowering your insurance rates. If you’re only making these structural or safety-related improvements to save on your home insurance, make sure it’s going to be worth it.

Get great Alabama home insurance at a great rate!

5. Update your agent.

If you have any big life changes, such as getting married, you might want to let your agent know. There could be some sort of discount available, or you might have to make other changes to your insurance coverage.

The same goes if you make any changes to your home – for instance, installing a security system. The agent can’t help you get a discount if they don’t know about the change. It’s generally a good idea to keep in touch with your agent and let them know when you make big changes to your home.

6. Review your home insurance every year.

It’s important to evaluate your home insurance coverage and your insurance needs annually. Life happens, things change, and you might be in a different situation than you were a year ago. Maybe you’ve done some major home improvements that affected the value of your home meaning that you need to adjust your coverage. Maybe you’ve made changes that make your home safer, and you could be eligible for a discount. Anyways, it’s important to review your coverage and ask yourself if you still have the coverage that’s right for you.

7. Take a look at your credit score.

What? Your credit score? Yep. Your credit score could affect your home insurance rates. Insurance companies sometimes look at your credit score to find out how “risky” you would be to insure. If you have a better credit score, your rates could be lower. If you have a not-so-great credit score…your rates could be higher.

8. Shop around for your rates.

If you shop for your Alabama home insurance rates, you can compare coverage and pricing. Every company evaluates risk a bit differently, and you could get different rates from different companies. You might be able to get similar coverage from a different company – but at a lower rate.

Yes, it’s a great idea to see what rates are out there. But don’t forget that some companies have loyalty programs that could benefit you if you stay with them. Check and see what your company does as far as loyalty discounts. Are you already taking advantage of a loyalty discount? Or could you in a year or so? Find out how much you’re paying with the discount, and then see if another company can beat that price.

Get a bundled home & auto insurance quote now and save!

So, if you feel like your home insurance is a little bit too expensive, see if any of these tips might help. You can save money on home insurance – it’s possible! And speaking of saving money, our team would be happy to help you do just that. We can help you shop your rates and get you great coverage at a great rate. Get started with your Alabama home insurance quotes by filling out our online quote form or calling us today.


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