There are a few different ways that you can save on your homeowners insurance that most people do not know about. The savings may not be a lot compared to your premiums, but over the course of a year, you may be able to see a noticeable difference. Because of the specific policy adjustments that different insurers offer, the amount of money saved by a Longmeadow resident may be more or less than someone on the other side of the country. Either way, these four pointers may both help you save money, and contribute to the protection of your home.

4 Ways Longmeadow, MA Residents Can Save on their Homeowners Insurance

1. Purchase your homeowners insurance and auto insurance through the same provider.

When you bundle your homeowners insurance and auto insurance policies with the same company you may be able to get a discount on both plans. This is because your insurance provider can cut down on some of the administrative costs of servicing your account. It's sometimes possible to get even bigger discounts by combining other types of insurance as well such as motorcycle, commercial, or personal liability policies.

2. Install a security system in your Longmeadow home.

A security system can deter burglars and help keep your home safe in the event of an emergency. With the reduced threat of a burglary or home invasion, insurance companies know that the chance that they will have to pay out on a policy goes down. At the same time, if you get a security system with fire monitoring, you can see an even bigger decrease in your premiums. Generally, you will only see your premiums go down if the system is monitored at a central location. There are some DIY home security systems which can help keep criminals out, but they usually will not qualify for a discount on your homeowners policy.

3. Set higher deductibles on your policy.

In the event of a major catastrophe your home might be declared a total loss. A higher deductible will make little difference to you or the insurance company in cases like these, which can make it a good idea to increase the amount of money that comes out of your pocket before your policy kicks in. A higher deductible will save insurance companies money on the far more likely claims that homeowners in Longmeadow often make such as fire or wind damage, meaning they might be able to afford to pass some of that savings on to you.

4. Keep an eye on your credit score.

Customers with high credit scores may qualify for smaller premiums due to their responsible nature. It is more likely someone with a credit score will pay their premiums on time and they will probably be responsible enough not to make poor choices when it comes to their home with upkeep and repairs. If your credit score has risen significantly since your policy started, it would not be a bad idea to call your current provider, or specifically mention this to a new provider, to see how they can take your good credit into account when calculating premiums.

Being able to take all of these discounts could save you quite a bit of money on your homeowners insurance. Thankfully, Longmeadow and the surrounding areas in eastern Massachusetts do not see much in the way of tornadoes or large hail which can cause premiums to be fairly high compared to the value of your home. It usually does not take much more than a phone call to your insurance agent to discuss exactly how much you can save using these ideas, and they may also share more ways you can save money that didn't even know were available to you.