Why discounts are worth asking about
Carriers price policies on risk. Anything that makes a loss less likely, or makes you a steadier client, can earn a discount. Some are applied automatically, but others need you to ask or send proof, like an alarm certificate or a roofer's invoice.
Discounts and their size vary by carrier and state, so the same home can price differently from one company to the next.
Discounts for bundling and loyalty
- Multi-policy: insuring your home and car with the same carrier
- Adding other policies, like an umbrella or a boat, with that carrier
- Staying with a carrier for several years
- Claim-free history over a set period
Discounts for protecting your home
- Monitored burglar and fire alarms
- Smoke and carbon monoxide detectors
- Water leak sensors and automatic water shutoff valves
- Deadbolts and smart locks
- Storm shutters, impact-rated windows and roof straps in storm-prone areas
Discounts for the home itself
Newer homes often cost less to insure because their wiring, plumbing and roofs are in better shape. A new roof, especially an impact-rated one, can also help. So can updated electrical, plumbing and heating systems in an older home.
If you have replaced any of these, tell your agent and send the paperwork. Carriers can't credit upgrades they don't know about.
Discounts for how you pay
- Paying the full year up front
- Automatic payments or paperless billing
- Paying through your mortgage escrow, with some carriers
- Getting a quote before your current policy ends
Don't trade away coverage for a discount
A lower premium isn't a good deal if it leaves gaps. Raising your deductible can lower your price, but make sure you could pay it after a loss. Compare coverage limits, not just totals, when you look at quotes. And keep the coverage your lender requires in place. If you have a mortgage, your servicer needs proof of insurance, and a lapse can lead to costly coverage it buys on your behalf.
How CapCenter can help
CapCenter's licensed insurance agents compare quotes from multiple carriers and look for discounts you may qualify for. Bundling home and auto usually earns a multi-policy discount. We review your policy each renewal to make sure you are not paying too much for your insurance. You don't need a CapCenter mortgage to get a quote.
