Taking out home insurance is a mandatory step to guarantee the effective protection of your home. However, over the years, home insurance costs are likely to increase significantly. However, paying more does not necessarily mean being better covered. It is therefore important to seek to lower the price of your home insurance. Here is a practical guide that tells you everything.
Accurately identify your needs
In reality, many insurances are too expensive, because they are poorly adapted to the situation of the insured. To benefit from a better value for money of your Home Insurance, it is important to take care to assess your real needs. For example, when you are tenants, you do not need to insure the exterior of the dwelling. This part is entirely the responsibility of the owner.
In addition, it is recommended not to overestimate the value of furniture or household appliances during your statement for subscription. Likewise, do not forget to specify to the insurer all the measures already in place to reduce the level of risk. This can be the installation of an alarm system, cameras or secure windows and doors…
Opt for suitable guarantees
There is practically no point in accumulating the guarantees home insurance. On the contrary, this method will only increase your bill. This is why you must take the time to reread your contract in order to avoid duplicates.
In other words, for Lower the cost of your home insurance you must think carefully about the usefulness of each guarantee taken out. For example, when you live in an apartment located on the 3rd floor of a building, you do not need garden or swimming pool cover. It’s just unnecessary.
Increase the amount of home insurance deductible
The home insurance deductible constitutes the amount beyond which the insurer can compensate you. Regardless of the situation, remember that this amount will always be your responsibility.
Indeed, the contributions are high, because they provide for insignificant or even zero deductibles. To reduce the cost of your home insurance, you have the option of requesting a upward revaluation of some of your franchises. To find the ideal balance for your budget, it is advisable to vary the amounts of contributions and deductibles.
Update your home insurance policy
When the contract is signed and put away, there are many people who don’t even care about their Home Insurance. However, this contract must be the subject of a permanent review, and this, as your situation changes. There are many changes that can lower the price of your home insurance. Among others, there are:
- the installation of security devices such as an alarm system, video surveillance, an armored door
- the relocation of certain family members
- the removal of certain equipment from the house.
In addition, there are also other specific changes that can help lower the cost of your home insurance. These are in particular the change of address, change in marital status, change in professional status or retirement. In any case, do not hesitate to inform your insurer of these changes within your accommodation.
Play the competition
Another way to lower the cost of home insurance is to play the competition among many insurance companies. To do this, you can use an online home insurance comparator. This tool will allow you to analyze several quotes before selecting the most suitable offer for your situation, and above all the cheapest. In addition, note that in order to better negotiate your home insurance, you must necessarily renew the operation at the end of the contract. Indeed, the proposed formulas are regularly modified.