How to Lower Your NJ Homeowners Insurance Rate

If you’re looking for ways to lower your NJ homeowners insurance rate, there are several simple things you can do to potentially reduce your bill and still get the coverage you need.

The easiest way to find savings is to have a conversation with your local agent or insurance representative — all it takes is one phone call. While your agent or representative will be able to provide specific suggestions for your situation, here are some common ways to save:

Bundle your policy. If you’re like most people and have a mortgage, you’re probably required to have home insurance. Why not save money by packaging it with insurance for your car? Plymouth Rock offers a discount for having companion policies, as well as several other homeowners discounts.

Upgrades to your home. You may be able to bring down the cost of your home insurance by making your home safer. Plymouth Rock has discounts for homeowners who have newer roofs and certain home safety features.

Exclude the value of your land. The price you paid for your home isn’t how much it costs to replace it. That’s because the amount you paid includes your land, which shouldn’t be factored into the cost of rebuilding your home. Your agent or insurance professional should be able to help you come up with a reliable replacement cost estimate.

Drop unnecessary coverage. If you have additional coverage for items you no longer own, like antiques or jewelry, dropping it can help to lower your premium.

Increase your deductible. This is a common way for homeowners to reduce their premium, but it can be risky. You should keep in mind that if a loss occurs, increasing your deductible means you could end up paying more out of pocket before your insurance kicks in.

Contact your local agent or insurance professional for a coverage review to find out if you can save money on your home insurance. You can also read about the different kinds of homeowners coverage, learn how much insurance you need, and find out about pro tips for selling your home fast.

Call Plymouth Rock at 855-993-4470 or find a local agent to see if you can lower your homeowners insurance rate in NJ, and if you have any questions you can visit our Contact Us page.