Homeowners in Texas pay an average of $3,249 per year for their home insurance coverage. This is considerably higher than the nationwide average of $1,445 per year. According to Insurance Business America, Texas is in the top 10 for the most expensive home insurance rates in the country. With higher rates, Texans understand the importance of finding the right homeowners insurance discounts for their policies.
The beauty of homeowners insurance discounts is that there are plenty of options for homeowners to pursue. This is important because no two homes are identical, but all homeowners want to save money. Let’s review some of the most popular homeowners insurance discounts available to Texans.
*Note: Different insurance brands will offer different discounts. Furthermore, some homeowners will qualify for discounts that others may not. The best way to understand which discounts apply to your home is to contact an expert. Contact TGS Insurance for a personalized approach to your home insurance coverage. Our agents can offer the best discounts to save more without skipping coverage.
Home Insurance Discounts Based on Your Home
Several factors go into calculating how much your home insurance premium will be. Homes posing higher risk will pay higher premiums and vice versa. These factors include where your home is located, age, and materials used to build it, just to name a few. Likewise, some discounts can play to your advantage based on these factors and qualify you for the appropriate discounts:
New Construction Discount
Newly built homes can be eligible for discounts, but the qualifications can extend to homes up to 10 years old. These parameters vary from company to company.
Gated Community and HOA-Related Discounts
You can receive a discount if your home is in a gated area and/or a part of an HOA.
Home Security System Discount
Homeowners who install a home security system in their home can receive discounts of up to 20% depending on their insurance carrier.
Upgraded Roof/Home Improvement Discounts
Remember, your premium is based on how much risk your home carries while being insured. If you mitigate these risks with a new roof or storm shutters that can stand up against windstorms and hail. Also, sprinklers to help in the event of a fire or elevating your home to protect against flooding. You may also qualify for home insurance discounts while protecting your home.
Home Insurance Discounts Based on Personal Factors
Though there are many home-based discounts, homeowners also play a role in qualifying for different discounts. Many ways you can save on your premium have to do with your lifestyle and personal factors that may deal with risk or your stage in life:
New Homebuyer Discount
Homeowners buying their first home could qualify for discounts.
55 and Up Discount
If you’re over 55 and/or retired, insurance companies consider you less of a risk to insure and may reward you with a discount.
Good Credit Discount
The higher your credit score is, the lower your premium will be.
Because of the risk of starting a fire, smoke-free households are considered less risky and can be eligible for discounts.
A few occupations may provide a way to receive a discount on your home insurance. The most popular is for the armed forces. However, educators and first responders may also qualify depending on your provider.
Home Insurance Discounts Based on Your Policy
On top of the factors surrounding your home and you as a homeowner, there are powerful ways to save money directly tied to your policy. Everything from how you receive your billing to the policies you enroll in can make a difference. Review these discounts and find additional ways you may be able to save on your premium:
Combining your home insurance with another coverage, such as auto insurance or umbrella insurance, is the best way to save. Bundling your policies is a popular discount among many insurance brands that love to reward clients who enroll in multiple policies.
Automatic Payment and Paperless Billing Discounts
Homeowners who enroll in automatic billing or paperless billing can gain discounts based on the savings they provide insurance companies looking to save on overhead.
Loyal Customer Discount
Some insurance companies give their clients discounts after a few years as a “thank you” for their loyalty.
Discounts for Paying a Higher Deductible
Higher deductibles create lower home insurance premiums and vice versa. Homeowners that raise their deductible can save money by lowering their rate.
TGS Insurance Helps Homeowners Navigate Discounts
Many discounts are available, and they vary depending on just as many variables. This can make it difficult for homeowners to find what they qualify for and maximize their savings. At TGS Insurance, you aren’t just a faceless policy number and a valued client. We take the time to get to know each homeowner’s coverage needs and maximize savings by finding every available discount for you. This is because we compare each home insurance policy among our bank of 35+ top-rated insurance providers.
Year after year, we continue to review your homeowners insurance policy, and should you receive a rate increase, we’ll compare your coverage repeatedly, finding you every discount for the best rate on the market without cutting your coverage. You’ll never overpay for home insurance again! In just 15 seconds or less, you can receive an accurate home insurance quote. See how much you can save today!