4 Tips to Save Money on Your Homeowners Insurance in Nashville

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					4 Tips to Save Money on Your Homeowners Insurance in Nashville

When you’re looking to save a bit more money from your paycheck, how often do you look at your
insurance policies? Since insurance is mandatory, many don’t think to look at their policies as a potential
for a reduced expense.

Without sacrificing coverage though, there are several ways to reduce your monthly premiums. Here are
four of the ways you can begin doing now.

Raise Your Deductible


Your monthly premiums increase the lower your deductible. Conversely, they decrease as you raise
your deductible. If you can put aside the right amount of money to cover a higher deductible and swear
to never use it for anything else, then you can make changes to reduce your monthly premium as soon
as possible.

Contact your Nashville homeowners insurance provider to find out how your premiums would adjust at
higher deductibles. Compare multiple options to find out what would work best for you.

Get a Security System and Smoke Alarms


Immediately, this will seem like a more expensive
endeavor, especially since the security system will cost
you a monthly premium as well.

Overall though, your Nashville homeowners insurance
premiums will drop when you show them proof of
security. Not only are you making an investment in the
security of your home, but you also see financial
improvements on the insurance end.

Smoke alarms are a little more forgiving. They offer a one-time purchase benefit if you don’t already
have them installed in your home.

Your insurance company could also lower rates when you install smoke alarms throughout the house.
See what options are available from your provider.

Make an Added Effort to Pay Off your Mortgage
                                                 Although mortgages sometimes seem like the
                                                 insurmountable mountain rising miles above your head,
                                                 perhaps there’s something more you could be doing to
                                                 pay off that mortgage sooner.

                                                 As soon as you own your house outright, insurance
                                                 companies assume you’ll take better care of the house
                                                 than you would if you still owed money on it. Are they
                                                 right?

                                                 If so, strive to prove it to your homeowners insurance
                                                 provider in Nashville. You could start saving more
quickly.

Continually Reassess the Market
Too often, people simply grow comfortable in the policies they purchased years ago.

Many times, this means that they are spending far too much money on their Nashville homeowners
insurance. At least once a year, take an inventory of prices for the same coverage from other companies.

See what the competition is offering. Perhaps it’s time to transfer to a new insurance provider.

A transfer between providers is often a lot easier than transferring phone, cable, or security system
providers. Use that flexibility to your advantage.

A word of warning though, you will also be better taken care of by an insurance company when they see
that you’ve been with a previous company for a long period of time. Longevity is always given special
considerations.

Raising your deductible, installing a security system, paying off your mortgage, and always looking for
better deals will help you begin saving money on your Nashville homeowners insurance. You’ll wonder
why you didn’t do it before.

Photo Credit: Alan Cleaver, Unlisted Sightings

				
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Description: When you’re looking to save a bit more money from your paycheck, how often do you look at your insurance policies? Since insurance is mandatory, many don’t think to look at their policies as a potential for a reduced expense.