Your insurance premium will decline significantly if you combine your car insurance with your homeowners insurance with the same insurer. Companies provide package discounts between 10% to 25% for bundled policies which would result in significant yearly savings. Combining your insurance policies enables you to earn $300 in savings across your entire premium. Your insurer may create premium discounts by adding both umbrella and life insurance so make sure to inquire about such possibilities because it will benefit both you and them.
Don’t leave money on the table
inquire about every discount available. New homebuyer? You might get a break. Over 55 and retired? Some insurers cut rates for lower risk. Loyalty discounts, claimfree records, or even paying your premium in full upfront can trim costs. A neighbor scored a 5% discount just for going paperless – every little bit counts.
In most states, your credit score affects your premium.
Keep it solid by paying bills on time and keeping debt low – insurers see it as a sign you’re less likely to file frivolous claims. A decent score could save you 15% or more. It’s not just about loans; it’s about affordable homeowners insurance, too.
These tricks don’t just shrink your bill
they free up cash for other priorities, like that kitchen reno you’ve been eyeing. In 2025, with prices creeping up, saving $200$500 a year on insurance is a gamechanger. Next, we’ll tackle some FAQs to wrap up any lingering questions, so you’re fully in the know.