Saving money has become a familiar mantra with many homeowners today, and the good news is that there are many places in the budget where you can eke out the extra pennies.
From groceries to utility bills, there are ways to save a buck, which is why so many folks are jumping onto the frugal bandwagon.
Homeowners are finding that they can save quite a bit on their home insurance by following a few simple steps.
We have the tips you need to save a bundle on home insurance without sacrificing coverage or service.
First, make sure your home has the appropriate number of working smoke alarms and set up a schedule to test them every month.
It is also a good idea to maintain a home security system, since this addition will also reduce home insurance premiums.
Another way to lower payments is to up the deductible you would pay in the event of damage.
While higher deductibles will usually translate into lower premiums, it is important to note that this will make smaller home repairs the sole responsibility of the homeowner until that deductible is paid.
Homeowners can save on home insurance by looking for group discounts where premiums are reduced by keeping home and auto insurance with the same company.
It is also a good idea to review your home insurance policy on a yearly basis to ensure that the coverage is still sufficient and that premiums can't be reduced further in select areas.
Home insurance is necessary, but it doesn't have to cost an arm and a leg to keep your home and property protected.