10 Proven Ways to Lower Your Home Insurance Premiums in Canada

Home insurance is essential, but it doesn’t have to be expensive. There are several ways to lower your premiums while maintaining excellent coverage. This article will outline 10 proven strategies to help you save on home insurance in Canada, ensuring you get the best value for your money. Increase Your

Home Insurance Premiums
Home insurance is essential, but it doesn’t have to be expensive. There are several ways to lower your premiums while maintaining excellent coverage. This article will outline 10 proven strategies to help you save on home insurance in Canada, ensuring you get the best value for your money.

 

  1. Increase Your Deductible: One of the simplest ways to reduce your premiums is to raise your deductible. This means you’ll pay more out-of-pocket in the event of a claim, but your monthly premiums will be lower.
  2. Improve Home Security: Installing security systems like alarms, cameras, and deadbolts can reduce the risk of theft and damage, which insurers reward with lower premiums.
  3. Maintain a Claims-Free Record: Avoid making small claims and try to handle minor repairs out-of-pocket. A clean claims history can make you eligible for lower rates. Learn more about Claims here
  4. Upgrade Your Home: Modernizing your home’s electrical, plumbing, and heating systems can lower your risk profile, leading to reduced premiums.
  5. Shop Around Annually: Insurance rates can change, make sure you have a provider that keeps you in the loop of changes in pricing – or even better that auto-renews at the same or lower amounts. (You never have to worry about hidden fee’s or auto-renewals with Insurely.)
  6. Ask for Discounts: Inquire about available discounts. Many insurers offer reductions for things like being a non-smoker, having a home near a fire hydrant, or being a member of certain organizations. (We’ve got a great referral program – ask Insurely today)
  7. Pay Annually: Paying your premium annually instead of monthly can sometimes get you a discount from insurers.
  8. Review Your Coverage: Ensure you’re not over-insured. Only buy the coverage you need and regularly review your policy to adjust as your needs change.
  9. Increase Home Safety: Implementing measures like smoke detectors, fire extinguishers, and storm shutters can make your home safer and lower your premiums.
  10. Deal with the right Brokerage: Having the right people in your corner makes a big difference. Find a company that calls you back quickly, offers you all the information about your policy and goes above and beyond to make the process smooth, quick and easy. Insurely is the only brokerage in Canada with 5 stars and callbacks within the same day ALL of the time. 
 
Lowering your home insurance premiums doesn’t have to mean sacrificing coverage or service. By following these tips, you can enjoy comprehensive protection at a more affordable price. Take action today and start saving on your home insurance.
 
Want to explore more ways to save on your home insurance? Contact us for a personalized quote and expert advice tailored to your needs, with agents that leave you smiling!

 

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At Insurely, we believe in crafting policies that truly fit our clients’ lives. From comprehensive habitational insurance to expert advice, we’re here to make your insurance journey seamless and hassle-free.