There are a number of ways to save money on homeowners insurance. Some of these discounts are limited to homeowners with excellent credit and no claims in the last five years. Others are state or company specific. You can find out which states are excluded from a particular discount by checking the website of the insurer. Some insurance companies also offer discounts if you own a home in a gated community.

No-claims discount

It’s possible to save up to 70% on your homeowners insurance if you’ve had no claims for at least five years. However, this discount isn’t available to all insurers. Many will charge you a small fee for this extra protection. You’ll need to calculate whether the cost is worth it to maintain the no-claims bonus.

Homeowners insurance policies cover a wide range of costs, from accidental damage to theft. It’s essential to have a good level of coverage to protect yourself in case something goes wrong. But the cost of homeowner insurance can skyrocket if you’re the unfortunate person to have to make a claim. A no-claims discount will allow you to keep your premium low, which means more money to spend on other things.

Home insurance premiums are calculated using several factors, including the value of your house and the risk of burglary and damage. Then, the no-claims discount will be deducted from your premium as a percentage. No-claims discounts for home insurance are similar to the ones you can get on car insurance. The difference is that no-claims discounts don’t differentiate between claims that were made by you and those that weren’t your fault.

Typically, a no-claims discount will apply to your home insurance premium for five years, which can be a great way to save money. It may be worth checking out whether you’re eligible for this type of discount before you renew your policy. You’ll find that it depends on how long you’ve been without any claims. The more years you’re without making a claim, the larger your discount will be on your renewal.

Some insurers will provide homeowners with a no-claims discount if they pay their premiums on time. But, most will cap this savings at fifteen percent of the total cost of the policy. As such, it’s important to compare different home insurance policies for the best savings.

Disaster preparedness

The California Department of Financial Services (DFS) is encouraging home insurers to offer disaster preparedness courses to their customers. This is similar to how auto insurers offer discounts to people who have completed a safe driving course. Disaster preparedness courses can help homeowners remember to maintain a detailed inventory of their belongings and avoid getting ripped off by scammers.

The DFS has established a deadline for disaster preparedness courses, and homeowners and renters can then ask their insurance provider for policy discounts. Insurers are encouraged to offer discounts to disaster-prepared residents because it lowers the risk of damage and loss to property. In addition, legislation signed by Governor Cuomo allows insurers to offer discounts to individuals who complete disaster preparedness courses.

Security systems

If you’re in the market for a new home security system, you may be surprised to learn that many home insurance companies actually offer discounts for homeowners who install these systems. However, this is not the case for all security systems. DIY brands without professional monitoring won’t qualify for the discounts. Despite the fact that these systems are very inexpensive today, you must make sure you use a professional monitoring service if you want to save money on your insurance.

The benefits of a home security system extend beyond just reducing the risk of burglary. They can reduce the risk of fire, theft, flood, and other types of perils, which can lower insurance premiums. In addition, a good home security system provides additional protection for your family, valuables, and belongings.

Although the discounts will not fully offset the costs of home security, they can be an additional incentive to install a system. The best way to get the best discount on your homeowners insurance is to get the system professionally installed by a security professional. Many insurance providers do not offer discounts if you do it yourself, so it’s important to shop around and compare a few of the best options.

Alarm systems and other security features can decrease your homeowner’s insurance premium. These devices can also monitor fire and water damage. The faster an alarm company responds, the less money you’ll have to pay in insurance premiums. Fire is the number one reason for a homeowner’s claim. In addition to the security benefits, fire safety can also reduce the cost of replacing your home after a fire.

If your system has sensors to detect danger, a professional monitoring service can notify the authorities. If the alarm is true, the monitoring service may contact emergency responders, but you can choose not to hire a monitoring service if you’d rather have the peace of mind that comes from a monitored system. Besides protecting your home, a monitored home security system can reduce your monthly premiums and provide peace of mind.

Newly constructed home

If you’ve recently built or renovated your home, you may qualify for a homeowners insurance discount. New homes often have better plumbing and electrical systems, which can result in lower insurance rates. Moreover, if you live in a weather-prone area, you may qualify for special discounts on hail-resistant roofing and storm shutters.

Many insurance companies offer new build discounts. Some of them include Liberty Mutual, Allstate, and State Farm. Liberty Mutual, for instance, is one of the largest insurance providers in the country, covering all 50 states. State Farm is another popular choice among new build homeowners. If you’re unsure of which company to choose, you can compare rates online.

Once your new home is finished, you’ll want to make sure you’ve updated your policy to reflect this change. This will give you the coverage you need and protect your new home for years to come. Also, make sure you inspect your newly built home for any damages that occurred during construction. If you discover any issues, contact your current insurer and file a claim.

The National Association of Insurance Commissioners has found that a newer home is more affordable to insure than an older home. For example, a new home is 53% less expensive than a 10-year-old home to insure. Insurance companies favor new homes over older ones because of their lower risk profile. This can result in savings of up to $700 a year.

In addition to a new home discount, you can also find builders’ risk insurance, which covers homes that are still under construction. A builder’s risk policy is specifically designed to cover materials and construction sites during construction. It won’t cover the finished home, so it’s best to purchase a standard homeowners policy for that.


If you are a non-smoker, you can save money on your homeowners insurance. Smoking in your home increases the risk of accidental fire. Many insurance companies offer discounts to non-smokers. These discounts vary between insurance companies. If you smoke, you may want to consider switching to a smoke-free home.

Non-smokers may qualify for a discount of between five to twenty percent. When talking with your insurance broker, you should mention whether you are a smoker. Most insurers will charge you more if you smoke, so be sure to mention it. This applies to cannabis and vaping, too, since all forms of smoking increase the risk of fire.

You may not be able to qualify for a discount if you are a smoker, but there are many other ways to save money on home insurance. First, consider whether you’ll need additional coverage. Many insurers will give you a discount for installing a home alarm. You’ll also be able to compare different rates if you ask for the same level of coverage.