You most likely do comparison shopping when you go to the supermarket or before you make a major purchase like a new car. However, when it comes to buying insurance, many people just sigh at high premiums and accept them as a fact of life. You don’t need to pay exorbitant amounts for CT homeowners insurance, but can reduce your premiums by doing the following:
- Buying policies from the same company
- Installing security devices
- Raising your deductible
Use the Same Company
Your supermarket rewards faithful customers with a loyalty program that enables them to get discounts on items. Insurance companies operate on a similar principle, but it is less well known. If you own one policy with a company, you are likely to get another one for less money.
Installing Security Devices
Having your home equipped with up-to-date security technology protects your home from intruders and can guard your pocketbook. Insurance companies are likely to reduce rates for CT homeowners insurance if you have a sophisticated alarm system or if you install secure doors to prevent unauthorized entry.
Raise Your Deductible
A deductible is an amount you would pay out of pocket if something unexpected happens before the insurance company covers the rest. A higher deductible usually means lower premiums, so it is worthwhile considering a higher deductible for affordable CT homeowners insurance.