Homeowners insurance can be expensive depending upon the amount of coverage you have in place. Although you may not see the premiums because they are covered within your escrow payment, they are still there. There are a few tips you can follow in order to save money annually on your home insurance premiums.

INVENTORY YOUR HOME

One of the first things to help you save money on your homeowners insurance is to inventory your home. This means going room by room to identify the overall value of your items. This could be art, jewelry, expensive furniture, and anything else.

By completing an inventory, you know more about your assets. Every homeowner’s insurance policy will provide coverage of the things that you have inside. If you have less than what the average policy covers, you may want to have that noted. Further, if you have more than what the average policy covers, will want to purchase additional coverage so that you are protected in the event of having to file a claim.

INSTALL A SECURITY SYSTEM

A security system is a great addition to your home, regardless of how safe your community may be. Many people who live within the communities believe that they don’t need to have a security system. However, some break-ins may occur from within the community, which means that your neighbors could be the ones potentially stealing from you.

A security system will show that you have an additional security measure in place. Particularly if you are paying for monitoring, it can save you money on your home insurance because the insurance company knows that there is a less likely chance of you ever having to deal with a break-in.

ADD WINDOW FILM TO YOUR WINDOWS

Window film is something you can install on the windows of your home. It can block out UV rays and also strengthen the windows. This will make them more shatter resistant. If you can reduce the possibility of a window breaking, either because of a storm or because of a flying baseball, then there is a less likely chance of placing a claim with the insurance company.

SHOP MULTIPLE COMPANIES

There are many different companies that write home insurance policies in Florida. It’s hard to determine who is going to have the best rates, and this is why it’s beneficial to contact multiple companies. Quotes are free to get, so there is no harm in asking for quotes so you can have more to compare.

You may also find that some insurance companies offer more or different coverage than others. For example, all companies that offer home insurance will cover the home, your belongings, and provide liability. However, some may allow you to add other forms of coverage, such as high value insurance or flood insurance.

WORK WITH AN INSURANCE AGENT

An insurance agent can help you with the cost of insurance as well. If you don’t want to contact multiple companies to get quotes, an independent insurance agent can do this on your behalf. This is one of the most important things to realize – an independent insurance agent does not work for one specific company. Instead, they represent companies, allowing you to truly benefit from what they have to offer.

An insurance agent is also experienced about the industry, and therefore can help you find the best policy for your home and your budget. They can talk to about levels of coverage and make recommendations based upon the details of your home. When you are shopping for affordable coverage, they may also know about discounts that you don’t – which is just another reason to contact them.