Thursday, July 29th, 2010

How to Reduce Your Home Insurance Costs: 3

November 25, 2009 by Heather  
Filed under Home Insurance

piggybank

So shopping around for the very best price and company is certainly important but did you know that just like car insurance, once you raise you deductible, it can actually save you a lot of money in the long run?  Basically, the higher the deductible, the less premium you will have to pay and that is music to a lot of people’s ears.

However – whenever you are raising your deductible, you will want to think about it because if something does happen, you may have to pay more out of pocket.  So that is the downside of raising it.  However, let’s say if you raise up from a $500.00 deductible to $1,000.00, you could save about 25% on your premium!

More tips and tricks in the next blog guys, I know that you are all about saving money and I am here to help!

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