As states and cities look to tighten their budgets and save some money, you might be doing the same. And one place to trim some spending might be your insurance.
But a few simple changes to your policy could mean big savings. "If you do have or if you are considering a central station, burglar, and or fire alarm that is a discount," says Carma Brown with Home Loan. Brown says its little things that could save you in the long run.
Another tip to save says Brown is to consolidate. "Consider bundling your home and auto insurance with the same carrier you would probably see a savings on the home side as well as the auto side."
Also says Brown, pay for some of those home upkeep projects out of pocket. "Absorb some of those small claims yourself, take a higher deductible and take that premium savings."
Things like a new roof or new electrical wiring or plumbing will also net you some savings. However it has to be substantial says Brown. "It would need to be not just a remodel it would need to be a renovation."
Of course another way to save a few bucks on that insurance is to do it the old fashioned way, shop around. And if you're happy with the insurance company you have just give them a call and ask them if there's anything they can do for you.
"There's just a lot of ways we can reduce premium as long as we are having communication with our clients," says Brown. Also check for overlapping coverage. Like if you have AAA, but also have towing covered under your car insurance. That way you won't have to wonder if you could be saving some extra cash, you'll know.