Lesser Known Homeowners Insurance Discounts

Would you like to lower your homeowners insurance premium?
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Here are 7 lesser known ways that might apply to you.

1. Security systems - Homes with security systems (alarms, cameras, motion detectors) are less likely to be burglarized or damaged.
2. Credit score - Insurers may review credit scores to assess the risk of policyholders, with a high credit score resulting in lower premiums.
3. Senior discount - If you're over the age of 55, ask your insurer if you can get a senior discount.
4. Water alarm - A water alarm detects leaks or floods in your home, alerts you before major damage occurs, and lowers your risk of water damage.
5. Pay-in-full - Paying in full instead of monthly can result in lower premiums as it reduces insurers' administrative costs.
6. Claims-free - Having a claims-free record for a certain time period can result in lower insurance premiums.
7. Military discount - If you're an active or retired member of the military you may be eligible for a discount on your premium.

And...there may be other ways to lower your homeowners insurance premium.  Talk with your insurance agent who can review your situation and help you identify other possibilities.