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How To Get Affordable Homeowner’s Insurance In Indiana

March 31st, 2022

The majority of homeowner’s insurance policies in Indiana are written with a $250 deductible in place. This means that if the homeowner needs to make a claim they will be required to pay the $250 to the insurance company. A great way to get more affordable homeowner’s insurance is to raise that deductible level to $500 or $1,000. It’s actually quite astonishing how much a typical premium can drop once the deductible is raised.

Another way that you can save on insurance is to ask your agent about any available discounts. Many insurance companies that cater to home owners in Indiana will offer a discount to clients who purchase another type of insurance from them. If you are in need of automobile or life insurance in addition to home insurance, ask your agent about the possibility of a discounted rate.

Some companies will also offer an incentive discount to clients who make their homes safer. This often includes adding items like smoke detectors and fire extinguishers. If you are fortunate enough to live near a fire station or fire hydrant, you may also qualify for a cheaper rate.

Smoking has a direct impact on health and life insurance rates but some insurance companies also frown on homeowners who smoke. Smoking can actually prove to be a risk as many house fires are initially started by someone’s careless smoking. For this reason you may want to kick the habit in an effort to lower your home insurance costs. You’ll also have the added benefit of being healthier.

If you happen to own an older home you may find you’ll enjoy more affordable homeowner’s insurance rates if you take on some renovations. Old plumbing and heating systems are often viewed as potential fire hazards. If this is indeed the case, inquire with your agent about the possibility of enjoying a cheaper rate after upgrading the home.