Virginia Beach, Virginia: How to Save on Home Insurance

Thursday May 21, 2020 10:12 AM EST

  • About two out of every three homes in America are underinsured, according to Nationwide.
  • If homeowners do have home insurance, it turns out 56% of them don’t compare prices of different insurers at renewal time, missing out on potential opportunities to save!

A home is often the largest investment most people make in their lifetime. And it becomes an even bigger investment when you consider the fact that a house isn’t just a house, but a home for you and your loved ones. So while you can’t prevent the unexpected from happening, you can protect your home and your major financial investment with home insurance . The best part is it doesn’t have to be expensive. There are many homeowner discounts available, it’s just a matter of knowing about them.

EverQuote does the work of finding you the best deal on home insurance so you don’t have to. Here are a few ways you can save on home insurance:

Own a Newer Home

Most insurance companies will factor the age of your home into the cost of your insurance. If your home is newer, you will likely pay less for home insurance than if you were insuring a much older home. Discount percentages will range depending upon your insurance provider, but generally a discount due to the age of your home will result in a sizeable decrease in your home insurance rate.

Bundle Your Insurance Policies

Most insurance companies will offer multiple types of policies and offer you a discount when you get multiple policies from the same company. Consider insuring both your car and your home with the same insurance carrier in order to qualify for this discount. Many insurance companies will offer great discounts when you combine your home and auto insurance or other types of insurance.

Be A First-Time Home Buyer

First-time home buyers will often receive discounts, but if you’ve recently purchased your home you may also be eligible for similar discounts on home insurance. Ask your insurance provider about this type of discount as the amount of time since purchasing the home will factor into your eligibility.

Have A Claim-Free History

If you’ve never filed a home insurance claim throughout the life of your policy and you’ve had your policy for several years, you may qualify for a discounted rate. Maintaining a history of no claims, good home maintenance and preserving your insurance for major losses only, will yield rewards and will allow you to decrease your insurance rate.

Ask An Insurance Agent

Insurance companies will be able to provide you with a comprehensive list of discounts for which you may qualify. Check with them before you purchase your insurance and be sure to follow-up with your insurance company afterwards when and if you meet specific criteria that could positively alter your payment amount.

Compare Insurance Policies

While not technically a discount, comparing home insurance policies when you first start looking or even when you’re already insured can save you a lot of money while also potentially improving your coverage. You can look at individual insurance companies and talk to multiple agents to get a quote or you can save time by using our insurance comparison tool , which is free to use and does all the hard work for you.

Here's How You Do It:

Step 1: Enter your zip code below to get free quotes.

Step 2: Fill out the form - this usually takes about a minute.

Step 3: Receive all the choices and rates personalized to your needs.

Step 4: Enjoy your savings!