Ways to Cut Down on Home Insurance Costs

There are so many costs involved in owning a home and before long they can really pile up and overwhelm homeowners. The great news is that there are ways to cut back on fixed costs. Here we’ll take a look specifically at home insurance in Edmonton and ways you can help to bring down your monthly premium.

Get Various Quotes

A good place to start is in getting a bunch of different quotes from home insurance Edmonton providers so you can compare the rates. Make sure you look at more than just the dollar amount you will also want to look at what it includes and the deductible.

Invest in a Home Security System

home insurance in Edmonton

Did you know that you can get a discount on your home insurance simply by installing a home security system? You may want to check with your insurance provider first to see which types of systems they accept and if the system makes a difference in the discount you receive.

Opt for a Higher Deductible

This is an option that will definitely lower your premium, but it is a risky so you should be aware of it. By raising your deductible amount you will end up having to pay more out of pocket should you file a home insurance claim. The hopes are that you don’t need to file, and therefore the higher deductible doesn’t matter.

Renewal is the Time to Switch

If you decide that switching insurance providers is the right answer for you, then be sure to do it when you policy comes up for renewal. If you switch mid-way through the period you will be charged a fine, which then cancels out any money savings you were going to benefit from.

There are Ways

Finding ways to save money on your home insurance is possible, it just takes a little work on your part.