ATTN HOMEOWNERS: Homeowners Should Do This Before Making Their Next Insurance Payment
Home insurance premiums are rising faster than inflation and experts predict they will remain high.
The Secret To Saving Up To $1,000 Every Year:
Step 1: Click on your age range below to get your new discounted rates.
Step 2: Enter your zip code and after answering just a few simple questions, you’ll see how you could save up to $1,000/year with the different quotes presented to you.
Purchasing a home is most likely the largest purchase you will make in your life and if you’re like most homeowners, you most likely opted for a fixed rate mortgage to avoid any surprises. Well, if you’re like most Americans, you’re noticing the cost of goods and services are going up due to inflation and unfortunately, home insurance is no exception.
But why are home insurance premiums surging if your home and living situation haven’t changed? Shouldn’t it remain the same if you haven’t moved and you haven’t made any drastic changes? You would think so, but while the location of your home is the main driving factor in terms of cost in an insurance plan, the factors that are increasing rates are due to shortage of workers, rising prices of lumber and also climate change.
When insurance companies evaluate your policy and set your rate, there are different factors to consider such as your location, if you have pets, your employment history, your credit history, etc. Insurance is not a “one size fits all” type of situation, so it’s very important to shop around and see what other companies can offer. They may all have drastically different price points for the same kind of protection and coverage so there’s a chance you may be getting overcharged on your policy!
In fact, research shows that by not shopping around homeowners risk leaving $1,000 annually on the table.
So what are homeowners doing before making their next insurance payment? They’re using a tool called WalletGenius to see what else is out there and saving up to $1,000 just by switching. It’s completely free and 100% secure so there is nothing to lose just by checking to see what your options could be. With this additional money, homeowners can combat inflation effectively and lessen the effects.