Choose the best insurance in Stanford and Menlo Park CA

The price you pay toward your home insurance may differ by even hundreds of dollars depending on the insurance company you purchase your policy from.

Here are 7 outstanding tips that would help you save appreciably on your home insurance policy.

  1. Proximity to a fire station – Living next to a fire station might not help you with your sleeplessness, but it can lower your home insurance payment notably. Proximity to a fire station is an important factor in determining the cost of your home insurance in Sunnyvale and Palo Alto CA (being a Sunnyvale resident) coverage against theft, fire, accident or any natural calamity.

  1. Bundling insurance – This is another great way to save on your insurance. You can save more than $300 per year by simply combining your home and auto insurance, renters or condominium insurance with the same insurance provider. Depending on your state of residence, you can save even more. Combining other type of insurance like life insurance or umbrella insurance may also qualify you for a bundling discount.

  1. Loyalty – Don’t change your insurer. Staying with the same insurance company for several years would allow you to get special discount as a loyal, long-term policyholder. You can get up to 5% discount being a customer for three to five years, while the discount may go up to 10% for being a customer for six years or even more. However, you must compare the price with other insurance policies like best insurance in Stanford and Menlo Park CA.

  1. Home improvements – Home improvements including windows, roof, plumbing and electrical systems may qualify you for getting a discount on your home insurance premium. Homeowners often ignore to inform their agents about home renovation and miss the chance of additional discounts they might otherwise get for home improvements. Installing a home security system that dials fire station or police station automatically might qualify for a 5% – 10% discount on the cost of premium. In coastal states like Florida, homes with impact-resistance windows or hurricane shutters qualify for special discount.

  1. Green features – Homes that feature sustainable materials such as bamboo or energy star appliances may also qualify for discount.

  1. Good credit score – Maintaining a good credit score throughout can significantly cut the premium cost. These days, insurance companies use credit information to price home insurance policies. To ensure better credit standing, pay bills on time and don’t get more credit than what you need to keep your credit balance lower. Check credit report regularly and get the errors, if any, corrected so that the record remains perfect.

  1. Value your belongings – Value your possessions at least once in every year. It is quite possible that you want your policy to cover any addition to your home. On the other hand, you don’t want to spend more for coverage you don’t require. For example, you may not be interested to pay any more for your six-year-old fur coat, and you might want to cancel the floater and pocket the difference amount that you can use for some other purpose.

While looking for the best insurance policy with maximum coverage, you may consider mentioned variables.