Homeowner’s insurance can be expensive, especially in a major metropolitan area like Boston. However, many homeowners don’t realize that there are a few unexpected factors that could be raising the cost of their Home Insurance in Boston unnecessarily. If your homeowner’s insurance seems too high, here are some of the most common culprits.
A Poor Credit Score
Many homeowners don’t realize that their credit score has a large impact on their homeowner’s insurance rates. Unfortunately, if you have less-than-perfect credit you’re probably paying more for home insurance than someone whose credit is pristine. How to fix the problem? Most experts agree that a credit rating improvement of as little as 50 points can snag you better rates on insurance policies. Work on cleaning up your credit report a bit, and then talk to an agent at Sawyer Insurance Agency Inc Boston to see if you can get a better deal.
No Home Security
In large cities like Boston, burglary is a major concern for insurance agencies. If your home isn’t protected by some sort of anti-theft device, you’re probably paying more for Home Insurance in Boston that you need to be. To get discounted rates, work on beefing up your home security. According to the FCIC, high-tech alarms that automatically alert police in the event of a security breach can save you up to 25% on your insurance costs. If your budget is tight, small security steps like adding deadbolts to your doors can cut your insurance costs by around 5%.
Too Many Risk Factors
Certain lifestyle choices can raise your insurance costs significantly. For example, most insurance agencies consider swimming pools and trampolines to be major risk factors when they’re determining your insurance rates. If you own a dog, the breed you choose could affect your insurance rates as well; dogs that have been previously involved in a biting incident or are considered a “high risk” breed like a Rottweiler or a German Shepherd could cause your rates to skyrocket. To avoid unnecessary costs, make sure you comply with safety standards and local laws and regulations if something on your property makes you a risky customer–this may bring down costs somewhat.
Don’t make your homeowner’s insurance any more expensive than it has to be. If any of the situations above sound familiar, take the necessary steps to soften the financial blow. Visit to know more.