Four Insurance Discounts New Homeowners Can Enjoy With Ease

Home insurance discounts come in various shapes and sizes. As a new homeowner, there are some discounts you can enjoy without doing anything much, and you can enjoy them from your first policy purchase. Here are four examples of such discounts: 

Ask for a New or Renovated House Discount

If you have just bought a new house, you may be eligible for new house discounts offered by many insurers. These discounts are available because insurers believe that new or renovated homes are less likely to experience damages than their older counterparts. This means new homes represent fewer risks to insurers than older homes. For example, a new roof is less likely to leak than one that has been in use for the past decade. Some insurers also offer renovated home discounts for the same reason.

Buy the Home Coverage from Your Auto Insurer

Bundling insurance policies is one of the best ways of lowering insurance rates. However, this option may not be attractive to you if you already have a good working history with different insurers and don't want to switch. As a new homeowner, however, you are free to buy your home coverage from any insurer, which means you can easily bundle your home and auto insurance coverage and enjoy the discounts.

Ask For a Gated Community Discount

If you have moved to a gated community, then you may qualify for a gated community discount that insurers give because they believe that gated communities are safer than standalone homes. For example, it is difficult for a burglar to target a house in a gated community since getting in and out is risky. Insurers pass off the benefits of covering houses in such places in the form of discounts.

Set Up Automatic Payments

Lastly, when buying coverage, you can reduce your rates further by setting up automatic payments for your premiums. Automatic payments are set up at the bank so that the premiums are regularly deducted from your account at a specified date; you don't have to do anything else. It reassures insurers that you will never default on your payments, and some insurers will reward you by giving you a small discount.

As you can see, home insurance discounts aren't just about remaining claims free for some time or installing costly home upgrades; you don't have to do much to enjoy some discounts. Talk to your homeowners insurance agent for more information on how to keep your insurance rates reasonable.