Home Insurance Discounts

How to Get Every Possible Home Insurance Discount

(Here’s how to stop leaving money on the kitchen table)

Maggie Tiede | July 26, 2018

Buying a house is rarely cheap, and the spending never stops there: water heaters, septic tanks, flooded basements and more can all ruin your day at a moment’s notice. Luckily, home insurance doesn’t have to be another drain on your hard-earned cash, because discounts are out there. And getting them could be as simple as a phone call.

Everything from a nearby duck pond to your roof’s material could qualify you for big savings on your premiums. Our independent insurance agents can help you find the discounts you deserve, lower your bills, and get you back to the good things in life. But first, let’s talk a little more about these discounts—so relax and put your feet up, this is gonna be fun.

What Are Home Insurance Discounts?

Quite simply, home insurance discounts lower your premium payments. But insurance discounts don’t really work like the coupons you love. You don’t clip ‘em out of the Sunday paper and get free flood insurance with the purchase of two extra add-ons. They’re more like a giant computer algorithm that the insurance company uses to calculate how likely your home is to get into trouble. The less likely damage or vandalism is, the less you’ll pay.

It’s important to remember that not all discounts will be spelled out in your policy, even if they’re still saving you money. You’ll likely know if you’re getting a military or veterans discount, but you might not realize you’re getting a marriage discount, too. It’s all part of the great algorithm.

Home Insurance Discounts

What Home Insurance Discounts Are Available?

There are nearly as many home insurance discounts out there as there are insurance companies, but they can all be divided into four major types. And here they are:

Four Major Types of Discounts
  • Safety discounts: These are given to those who take extra-special care of their home or have upgraded with special features that make it safer than average. Installing burglar alarms, sprinklers, or a high-quality roof are examples of things that can get you safety discounts.
    • Some safety discounts aren’t as obvious as others. For example, in rural areas with spotty fire coverage, it’s possible to get a discount for having a pool. That’s because firefighters can use the water to put out a fire, saving your home.
  • Bundling discounts: These are discounts you can get if you buy multiple types of insurance with the same company. Got a car? Great, because if you get both insured by the same company, they’ll likely cut you a deal. Ditto if you insure multiple homes with the same company.
  • Group discounts: These are discounts you can get if you belong to a certain association or profession. Common group discounts include military discounts, teacher discounts and government employee discounts. Other niche discounts include the ones for farmers, clergy and even dentists.
  • Loyalty discounts: These  are pretty self-explanatory: They reward customers who stay with the same insurance company for a long time. You might also get discounts for referring friends and family to your insurance company. So break out your Rolodex, it’s time to get that referral cash.

How Hard Is It to Get Home Insurance Discounts?

For the most part, it’s easy. But sometimes home insurance discounts depend on things you can’t easily control. Sometimes you have to settle for less-than-ideal discounts.

If you own an older home—especially one in a hurricane zone or a rural area with no fire department—you won’t get as many discounts as you would with a newer home in a super-safe area. If you’re in love with that old farmhouse, go after bundling, group and loyalty discounts instead of the safety ones.

How Do I Get Home Insurance Discounts?

Chances are you’ll get a few discounts automatically whether you ask for them or not. Many of these discounts aren’t explicitly spelled out in your policy and are based on things you can’t always control, like your location.

If you want to go beyond the automatic stuff, though, you can maximize your potential discounts by following these easy steps:

  • Take notes: Write down all the information you think the insurance company will need. That includes the age and size of your home, details about your property, and any other special features. Also note your age, marital status, occupation and any special memberships you have.
  • Have a heart-to-heart with an agent: Make an appointment by phone or in person and bring your notes. The agent will ask you questions to get to know you better. Answer honestly and thoroughly, because the more they know, the more discounts they can help you qualify for.
  • Compare wisely: When you get your quotes, don’t go for the lowest number right away. Ask your agent about what discounts have been applied. One of those higher-priced quotes could actually be offering more discounts—and better coverage, too.
  • Keep your agent updated: Did you switch jobs? Get a new car? Buy a new house? Add an underground pool? Calling up your agent during these life changes can save you big money in the long run. They’ll help you find new discounts to make the coverage you need more affordable than ever. 
  • If all else fails, upgrade: Thinking of getting your HGTV on and renovating? Talk to your agent first. Some renovations, especially those that reduce the risk of fire, could qualify you for big savings. A nicer house, cheaper insurance; two birds, one stone.

The Awesome Benefits of an Independent Insurance Agent

Now you know how discounts work. But  we all know your time is valuable, so why sweat all the hard work yourself? Our independent insurance agents stay on top of the industry and all the latest discounts so you don’t have to. That means they’ll help find the right coverage, at the right price, for you.

They’re not just there at the beginning, either. If disaster strikes and you need to file a claim, they’ll be with you every step of the way, helping you meet deadlines and maximize your benefits. Besides, you deserve a cheer squad.

TrustedChoice.com Article | Reviewed by Paul Martin

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