7 Ways to Lower Your Homeowners Insurance Premiums in Ohio

September 10, 2014

Save on Ohio Homeowners Insurance

Residents of Ohio enjoy some of the lowest homeowner insurance rates in the country. But there’s always room for saving more money!

According to valuepenguin.com, Ohio residents pay an average of $644 annually for their homeowners insurance, the 6th lowest in the nation. There are numerous ways for those in Ohio to potentially save even more money on their premiums.

#1 – Shop around

First and foremost, it is important to do as much research about each individual insurance carrier to find the lowest price. An independent agent can help with this step.

#2 – Protect your home

Avoid the potential for perils to strike your home by being ready for any situation. Regularly inspect fire safety, the structural soundness of the roof and protect against water damage.

#3 – Increase your deductible

Raising your deductible will leave your responsible for smaller losses and typically results in a lower frequency of filing claims. But make sure you can afford the deductible.

#4 – Inquire about discounts

Most companies have a multitude of discounts available for the taking. Some of these include discounts on newer homes as they are up to the latest building codes and owning a home security system.

#5 – Purchase all insurance from the same company

Many providers offer a discount when bundling coverage. These discounts can sometimes accumulate to a savings of nearly 15%.

#6 – Remain with the same provider

Remaining loyal to an insurance company is often rewarded with savings year after year. Frequently, these incentives are offered after the first three to five years of loyalty.

#7 – Contact the Ohio Department of Insurance

The Department will send you a shopper’s guide to purchasing insurance with a vast amount of general information.

The best way to save money on homeowners insurance in Ohio, or anywhere for that matter, depends on the amount of knowledge you possess. The more you know, the more you can save!

For more information about homeowners insurance and for a quote comparison of several top providers, contact the team at Burkhart Insurance Agency today!

Photo Credit: CC Image Courtesy of Krystian Olszanski

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