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Test your knowledge on simple ways to save on home insurance
Homeowners are always looking for ways to save on everyday expenses like home insurance. Take our quiz to test your knowledge on some easy ways to save on your home insurance premium — while making sure you still have the coverage you’re looking for.
A
B
Tie a ribbon around your insurance policies, then put the bundle in a safe place.
That's correct!
C
Buy your car and home insurance from the same insurance company to save.
Q1: What does it mean to bundle your car and home insurance?
Pay for your home insurance several years in advance to get a discount.
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When you buy your home and auto insurance together, most insurance companies will offer a substantial discount.
IS THE CORRECT ANSWER
Yes, your company or professional association may, for example, qualify you for additional home insurance discounts.
Q2: Can my choice of profession help me unlock home insurance savings?
No, there are no discounts available for any specific profession.
Yes. Complaining to an insurance agent about your job may result in a sympathy discount.
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It’s called an affinity discount and you may be entitled to one offered by your employer, your professional association, your student alumni association or even a club you belong to.
that's correct!
Delay buying insurance until immediately after your home is damaged.
Shop around for the best deal on home insurance
Q3: What’s a good way to save money on home insurance?
Shop around for the best deal on home insurance.
Cancel your home insurance.
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You’re not married to your insurance company. Shop around and ask for competitive quotes based on the coverage you want. You may be surprised by what you find out.
Yes, insurance companies love to hear that you’re taking extra care to secure your home and this could help lower your premium.
Q4: Will installing a burglar alarm system in my home lower my insurance premium?
Yes, every time the alarm goes off, it will remind you to lock your doors.
No, insurance companies aren’t interested in how you choose to protect your home.
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Installing smoke detectors, burglar alarms, sprinkler systems and flood sensors help to protect your home and demonstrate to insurers that you’re committed to caring for it.
That's Correct!
By letting you deduct a certain percentage of your premium, based on how long you’ve lived in the home.
Q5: How can “deductibles” lower my insurance premiums?
Some insurance companies have deals that allow you to deduct the cost of premium television channels or food delivery services from the price of insurance.
By agreeing to pay the first part of the cost of certain insurance claims, up to a limit, the insurance company will lower your home insurance premium.
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A deductible is an agreement with the insurance company that you will absorb some of the costs associated with certain types of damage to your home. When you agree to a deductible, you’ll save money.
THAT's CORRECT!
As you grow older, you may recall times when everything was less expensive.
Q6: What does my age have to do with my home insurance premium?
Some people are traditional and prefer to pay in cash, which results in a cash discount.
Insurance companies may offer an “age discount.”
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When you celebrate a certain birthday, some insurance companies will offer you an age discount. Ask your insurance company “Am I there yet?”
No, insurance companies are forbidden from considering your credit score.
Q7: Can submitting my credit score to an insurance company really lower my home insurance premium?
Yes, better credit scores can result in lower premiums.
No, paying your bills on time only makes your mom proud of you.
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Insurance quotes are driven by data and the data says that people with better credit scores tend to make fewer insurance claims. You may be able to enjoy the savings you deserve for doing what mom taught you.
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There may be more ways to unlock home insurance premium savings than you’re aware of. Visit the belairdirect website or talk to one of their agents about all the ways you can save on home insurance.
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