Saving Money on Home Insurance



Saving Money on Home Insurance

Saving money on insurance for your Edmonton home doesn’t mean that you have to skimp on coverage. It is possible to get a better price while maintaining the protection that you need for your home and your belongings.

The Edmonton insurance experts at Drayden Insurance Ltd. have compiled 5 questions and answers that can help you save money on your home insurance.

  1. Is raising my deductible a good idea? Raising your deductible is one of the easiest and quickest ways of saving on your home insurance premium. The more you are willing to pay towards a loss out of pocket, the more savings your insurance company will be willing to offer you in return. Just make sure you don’t raise your deductible so high that you would put yourself in a difficult financial spot should you ever have to pay.
  2. Can my home insurance be bundled with another policy? Yes, bundling your home insurance with another policy, such as car insurance, from the same insurance company can cost you less than if you kept two separate policies from two different insurers. Insurance companies can offer some fairly attractive deals when you to sign up for two of more policies with them.
  3. Will it help to make my home more secure? Taking extra measures to protect your home against risks by installing smoke detectors, alarm systems, and dead bolts can definitely help bring down your premium. These precautions don’t always come cheap, but they will help you be seen as less of a risk by your insurer.
  4. Should I work on improving my credit? Insurance companies may also view your credit history when assessing your application.. If you’ve improved your credit history and feel that it is better now than when you first signed up for your policy, ask your insurer to perform another credit check. They may offer you a lower premium now that they see you as a responsible borrower.
  5. Should I switch insurance companies? Different companies offer significantly different prices for similar policies, it can definitely help to compare quotes & coverage’s. Remember, however, that you shouldn’t just be looking for the cheapest price. Friendly and quality customer service should also be high on your list of priorities.

At Drayden we strive to offer competitive prices on Edmonton home insurance policies and unparalleled care and attention to the unique needs of our clients. Contact Drayden today to speak to one of our Edmonton insurance brokers about how we can help you save money while maintaining the coverage you need.

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