Posts Tagged ‘Collectibles’

Indiana Home Insurance – Ways to Save Money

April 23rd, 2022

If you are a home owner in Indiana, you may be wondering if there are ways to save on your property insurance. The answer is “yes,” and here are some tips.

1) Make sure you aren’t including the value of the land in your coverages. Home insurance protects your primary home, outlying structures, personal possessions and liability. The amount you paid for your home is not necessarily the amount it would cost to replace it. The land does not need insurance coverage.

2) Spend a little bit of time shopping around. No matter where you live in Indiana — Indianapolis, Terra Haute or elsewhere — home insurance rates will vary from one company to the next. Because of this, you could save hundreds just by doing some comparison quote shopping. Most people spend more time trying to find lower gas or grocery prices then they do trying to find lower home insurance. But shopping for home insurance doesn’t take that much time. And thanks to the Internet, it’s pretty easy.

You can request quotes online from insurance companies or agencies that do business in your area. It’s recommended that you get at least three different quotes for comparison.

Many people find it more convenient to go to an insurance comparison site. These sites allow you to fill out one online quote request form, then they provide several different quotes back from local agents or insurance companies. Either way, you want to provide the same information about your coverages and deductibles for each quote to get an accurate comparison.

3) Consider raising your deductible. The lower your deductible, the more you’re going to pay in premium. You could save quite a bit by raising your deductible. You just want to be confident you can come up with the deductible in case of a claim. One idea is to put the money you save from lowering your premium into a savings account.

4) Make sure you are taking advantage of all available discounts. Some companies claim to save you up to 20 percent with various discounts. These include insuring your home and vehicles with the same company, installing fire and security systems, having deadbolt locks, upgrading your electrical and plumbing and more. Once you’ve found a quote you like, make sure to ask about their discounts.