Virginia Beach, Virginia: How to Save on Home Insurance

Saturday Nov 30, 2019 10:12 AM EST

  • About two-thirds of American homes are underinsured, by an average of more than 20%, according to Nationwide
  • Even if they are insured, only 44% of homeowners compare prices of different insurers at renewal time, missing on opportunities to save!

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Buying a home is one of the largest financial investments you can make in your life. That’s a big deal. It becomes an even bigger deal when you add on the fact that your house isn’t just a house, but a home to you and your loved ones. While you can’t prevent the unexpected from happening, you can protect your home and your financial investment with home insurance . And 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 that you don’t have to. Here are a few ways you can save on home insurance:

Owning 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.

Bundling 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.

Recently Purchasing Your Home

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.

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Never Filing a Claim

If you’ve never filed a home insurance claim 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.

Asking an Insurance Agent

Your insurance company 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 when specific criteria is met that could positively alter your payment amount.

Comparing 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 EverQuote’s 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!

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