Home Insurance Costs Skyrocketing

Wednesday, January 16, 2013

If you are a homeowners in Florida, you must be feeling the pain right now.  Most insurance premiums in the state have doubled over the past decade.  A recent report that was offered by the AP noted that an average Florida homeowners is paying double the amount on premiums.  The doubling in price has occurred over the the last six years.  Does that mean your premiums will go another 30-40% over the next three or four years? I guess only time will tell, but in the meantime, it is best to be a savvy consumer.  Make sure you SHOP your insurance rates every year!

HERE ARE SOME TIPS ON SAVING DOLLARS ON HOME PREMIUMS

  1. Make sure you take off all unnecessary coverage. 
  2. Take a quick look at increasing your deductible.  (This isn't for everyone, but it will reduce your premium)  Make sure that you understand, the higher the deductible, the more risk you are going to take on claim.
  3. Ask your agent for all discounts.  (Especially if you are in Florida, make sure you ask for all home specific discounts)

 

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