Because of Boston’s east coast location and often harsh weather conditions, home insurance can be a bit pricey. In fact, according to AOL Real Estate, Massachusetts is consistently ranked as one of the most expensive states in which to insure a home. Luckily, there are quite a few ways home owners can reduce the cost of their Home Insurance Boston. Keep reading to learn some effective cost-cutting strategies or visit Sawyer Insurance Agency Inc. for more ways to save.
Do Home Renovations Right
If it’s time to upgrade or replace your roofing or siding, do so with safety and weather-resistance in mind. Paying a little extra to protect your home against weather-related damage can pay off big when it comes to home insurance. For example, installing impact and fire-resistant roofing or siding can get you a discount of anywhere from 5 to 30%. Look for materials that have a Class A fire ratings and a UL impact resistance rating of 3 or 4 to qualify for these discounts.
Like weather-related damage, home theft is a huge concern to insurance agencies. Home owners can often get reduced rates in major metropolitan areas like Boston by outfitting their homes with an alarm system to deter burglary and vandalism. According to the FCIC, doing something as simple as installing deadbolt locks can save you around 5% on your Home Insurance Boston, while investing in an alarm that automatically signals the police can reduce rates by as much as 25%.
Update Your Wiring
The threat of fire can cause your insurance premium to skyrocket. If you have an older house that features outdated knob-and-tube wiring, you could be putting your home at unnecessary risk. Updating your wiring will almost always result in a significant insurance discount. To make sure you qualify, have the job done by a professional electrician who’s fully licensed and bonded and who’s familiar with housing codes in your area. According to Sawyerinsuranceboston.com, the average savings for rewiring your home is 10% or more.
Massachusetts may have one of the higest home insurance rates in the country, but there are many ways you can lower your premium to a more comfortable number. Keep the tips above in mind, and talk to an insurance agent for other ways to cut costs.