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10 Ways to Get Discounts on Your Homeowners Insurance

We all love saving money! We're going to show you how to do just that with some discounts on your homeowners insurance! Your insurance provider might share a few of the discounts that you are eligible for, it is really up to you to figure if you qualify. To help make it faster and easier to get these savings, check out these 10 discounts that are most commonly offered by insurers. 


1. Multi-Policy Discounts

This is a fancy way of saying if you are able to bundle your homeowners and auto insurance together, you may be able to save big on both policies. 

2. Loyalty or New Customer

Many insurance companies will offer you a discount if you have been with them for several years. This does not mean you should not shop around. Sometimes a new customer discount can be as much as a loyalty discount. It is a good idea to always look at rates and coverage when deciding on your insurance plan. 

3. Renovating Your Home

By upgrading your wiring, plumbing, and especially your roof, you are less likely to have a claim. Insurance companies love that. So be sure to let your agent know about any renovations you have made to your home. 

4. Adding a Security System

 You can save money by adding a security system to your home. You typically will save more money if you install a centrally monitored system or one that contacts the police in an emergency. You also may get a discount if you have a local security system (one that goes off, but does not contact the police). You may even get a discount for having deadbolts on all exterior doors. However, the discount might not be as much.

5. Technology

If you install any technology that can reduce the risk of a claim or the amount of damage associated with that claim, you will usually be offered a discount from your insurer. This technology can include automatic water shut-off valves or automatic gas shut-off valves. 

6. Retiree

​ If you are over 50 and retired, you might be entitled to a discount. The assumption is that if you are retired you will be home more often and able to stop a problem before it gets worse.

7. Living in a Gated Community or Being Part of a Homeowners Association

To insurers, living in or being part of a homeowners community may lower the likelihood that you will need to make a claim. That could mean a discount for you. Some companies will offer you a discount for being part of a neighborhood watch as well.

8. Non-smoker

Being a non-smoker will also give you a discount. Even though the rate of smoking has declined in recent years it is still a major cause of home fires. 

9. Claims Free

Many insurance companies will offer you a discount if you have been claims free for a certain number of years. Some companies will offer a discount at 5 years and others wait for 10 years. It is best to check with your company to know how long you need to be claims free before they offer a discount. 

10. New Homes

Unlike car insurance where a new car usually costs you more to insure than an older model, homes are the exact opposite. Newer homes are less likely to run into issues and are more likely to be built up to code. As we already explained, insurance companies love to avoid claims and will offer a discount for new homes. 

Another way to save money on insurance credits is to sign up for vipHomeLink.  Our digital homeowner platform helps you learn more about homeowners insurance, what it covers, how to process a claim and other discounts available.  Plus, it also provides the ability to store your home contacts and build a profile and history of your home that documents the contents as well as every activity, renovation, repair and appliance.  Get reminders and alerts to stay on top of routine checks in your home. Store all important home information digitally, all in one place. 

Another way to save money on insurance credits is to sign up for vipHomeLink.  Our digital homeowner platform helps you learn more about homeowners insurance, what it covers, how to process a claim and other discounts available.  Plus, it also provides the ability to store your home contacts and build a profile and history of your home that documents the contents as well as every activity, renovation, repair and appliance.  Get reminders and alerts to stay on top of routine checks in your home. Store all important home information digitally, all in one place. 

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