Even if you have never made a home insurance claim, you understand how important it is to maintain an active policy at all times. This goes a long way in protecting your biggest investment, as well as the items that you keep inside. 

With the opportunity to save you money, it’s important to double check with your insurance provider to ensure that you’re taking advantage of all available discounts. Do this once or twice a year so that nothing slips through the cracks. You never know when you’ll find another way to save.

If you need a push in the right direction, here are some of the many home insurance discounts that you may qualify for:

• Claims free: This is exactly what it sounds like. The longer you go without making a claim, the greater chance you have of receiving this discount. Ask your insurance company how long you have to be claims free to get a discount. 
• Newly purchased home: Many home insurance companies want to congratulate you for buying a new home. And there’s no better way of doing so than by providing a discount on your policy premium. 
• Home renovation: Depending on the type of renovation, your home insurer may provide a discount on your policy. But of course, some renovations also result in a higher premium, as you require more coverage. 
• New roof: Not only does a new roof enhance the curb appeal of your home and provide your structure with better protection from the elements, but it can also help you save money on your home insurance policy. 
• Multi-policy: This is one that every insurance company offers. If you have more than one policy with the same company, expect a multi-policy discount to kick in and save you money on all of them.
• Paperless policy: There used to be a time when everyone received insurance correspondence via mail. Just the same, everyone received their insurance cards this way, too. Insurance companies want to move away from this, and one of the best ways of doing so is to provide a discount for a paperless policy. 
• Security system: Did you recently install a security system? Did you upgrade your current system? This helps keep your home safe, and for that reason your home insurer is able to offer you a more competitive premium. 
• Automatic payment: As long as you’re okay with your premium being deducted automatically from your bank account or credit card account, you should take advantage of this discount. On top of receiving a discount, you can also use automatic payment to save you time and headaches. You never again have to remember to log into your account (or send a check) to pay your premium. 

Summary

You may feel that you’re getting a good deal on home insurance, and you may be right. But that doesn’t mean you should assume that you can’t save even more money. There could be one or more discounts out there that could reduce your monthly premium payment. 

Do you qualify for any of the home insurance discounts detailed above? Any others?