The amount you must pay for homeowners insurance Houston can be hundreds of dollars too high if you’re not careful about picking the right company policy. The following are a few things to keep in mind before you make any kind of decision.
Know the score
Like everywhere else, where you live in Texas will ultimately dictate the average you’ll pay for insurance. One of the most expensive cities to live in is Houston; homeowners insurance Houston typically costs more than $2,000 per year. Compare this to El Paso, which only charges residents about $864 per year on average. Cheaper cities are further inland, away from the Gulf.
As always, you’ll need to shop around if you want to get the best homeowners insurance Houston. Prices always vary between companies, so you’ll need to find the best value for what you’re paying. Be sure to acquire at least three quotes to compare with each other. You might use the Internet or directly call the companies to obtain this information as /www.texasquotes.com/homeowners-insurance/.
Be sure to also look through the ratings of the BBB and other independent rating agencies, giving you a chance to see what the homeowners insurance Houston company’s financial health is.
When obtaining quotes, it pays to look through different kinds of companies. For example, some might rely on agents to sell the policies, and the agencies feature the same name as the company. Others use independent agents with their own name to sell policies. Others still simply provide direct sales over the Internet or on the phone.
Increase your deductible
The deductible is the amount that you are required to pay for an incident before the insurance company begins footing the bill. The more you agree to pay at this stage, the less you will have to pay for the premium because your insurance doesn’t need to prepare for as high a payout.
These days, it’s recommended that your deductible is $500 at minimum. Those who can afford to double it could save 25 percent on their premiums.
Request home security discounts
There are plenty of homeowners insurance Houston discounts available for home security features. For example, you might save over 5 percent for having a smoke detector in the home, or for having deadbolt locks or a burglar alarm. Others could reduce premiums up to 20 percent for a sprinkler system to help put out a fire or for a similar type of monitoring system.
Of course, none of these systems are inexpensive, and not all of them are eligible for a discount. This is why it’s important to understand what your insurer will cover and what they recommend to help you save on your premiums.
Request information about other discounts
Beyond home security, other discounts exist, and these naturally vary from company to company. For an example of a discount, retired individuals are usually at home more often than working folks, meaning they are not as likely to be robbed, and they are more likely to notice a fire. They’re also more likely to have the time to maintain the house.
Because of this, it’s a good idea to request a discount for other qualifications, especially if you are retired and are at least 55 years old. For this, you might be able to save up to 10 percent on premiums.
Maintain good credit
A good credit history helps here in saving on homeowners insurance Houston. Insurers continually rely on credit information to help determine the cost of a homeowners insurance Houston policy. Be sure to always take the necessary steps to maintain your good credit history.
For example, you’ll always want to pay the bills on time and avoid taking on more credit than you can reasonable handle or need. Maintaining low credit balances will help protect your overall credit standing. Be sure to check this information regularly to ensure it is accurate.
Stick with the same company
Once you find the homeowners insurance Houston company you want to work with, stay with them for multiple years. Depending on the company, you could receive a discount for staying there for many years. For example, you might receive a discount of 5 percent on homeowners insurance Houston for being a policyholder for three years, and the discount could double after six years.
Consider homeowners insurance Houston costs before buying a home
If you haven’t yet purchased a home, be sure to consider all the factors around homeowners insurance Houston before making the call. It’s an expensive city to live in, but that’s due to a high desire to live in the city. You can always save on insurance by getting a home in a great area with low crime and plenty of security features.