Buying a home = death by fees. How do I reduce my insurance cost?

There are a lot of good ways to reduce your insurance costs one bad one. First, make sure you are using an agent who can shop multiple carriers. You might be surprised at the price variance between carriers for the same amount of coverage. An Independent Agent, like Purves & Associates, has relationships with many good carriers and can compare all of their rates.

Next, explore a higher deductible. If you are in escrow on a new home purchase your lender may require you to have a $1,000 deductible (higher deductibles scare them). If your lender allows it, check out the difference between a $1,000 and a $2,500 deductible.

After that, ask about discounts. The absolutely best way to reduce cost is to combine your home and auto policies with one carrier! Many carriers will give you 20% discounts on your auto policy (20% of $1,500 = $300 on just the auto policy) and another 10-25% discount on the homeowner’s policy. There are also discounts for age, profession, new home buyers, age of home, roof type and security systems, to name a few.

And what was that bad one? Hey, just reduce your coverage! Never, ever do this. Nope – never!

Purves & Associates writes insurance with the best carriers in California, and when we combine home and auto policies we save our customers money! Contact us today at 800.681.2025, or click here, and we’ll make sure you get the best deal possible!