Life Insurance » 5 Best Ways To Cut Insurance CostsHomeowners insurance: Go for discounts2 of 7Don't forget to ply your insurance agent with questions about discounts."There are five to 10 discounts on house insurance that people aren't aware of," says Don Griffin, vice president of personal lines for Property Casualty Insurers Association of America. For example, he says, insurers offer discounts for homes built to higher building codes.Other discounts include one for groups, such as professional organizations, and another for people over 55 that can slice up to 10 percent off your premium. Discounts for safety improvements for installing deadbolts or smoke detectors can pare another 5 percent off premiums. Also, loyalty pays off; your insurer may lower your payments 5 percent if you're a long-term client.All discounts vary from state to state and among companies, though. So it pays to get three to four quotes online from different insurers, says Griffin. Share this story LinkedIn Delicious Reddit Stumbleupon Email story More On Insurance: Don't drop your life insurance Perform an annual review of your insurance Get an insurance quote in your area Create a news alert for "insurance"
Life Insurance » 5 Best Ways To Cut Insurance Costs
Don't forget to ply your insurance agent with questions about discounts.
"There are five to 10 discounts on house insurance that people aren't aware of," says Don Griffin, vice president of personal lines for Property Casualty Insurers Association of America. For example, he says, insurers offer discounts for homes built to higher building codes.
Other discounts include one for groups, such as professional organizations, and another for people over 55 that can slice up to 10 percent off your premium. Discounts for safety improvements for installing deadbolts or smoke detectors can pare another 5 percent off premiums. Also, loyalty pays off; your insurer may lower your payments 5 percent if you're a long-term client.
All discounts vary from state to state and among companies, though. So it pays to get three to four quotes online from different insurers, says Griffin.
More On Insurance:
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.