FOSTER CITY, Calif.,
March 10, 2021 /PRNewswire/
-- Homeowners looking for ways to cut costs may inadvertently
ignore an important source of savings -- discounts on their
insurance. To help policyholders understand how much they can save,
Insurance.com releases the Best Homeowners Insurance Discounts
guide detailing available discount types and the companies that
offer them.
Average discounts include:
- New home construction: This discount, which can on
average save homeowners 40%, is for recently purchased, new
construction homes.
- Age of home: Dwellings five years old or newer can
access a discount of about 26%.
- Upgrades: Some discounts go into effect when
policyholders make upgrades to their home, such as an average
discount of 13% for simultaneous electrical, plumbing, and heating
upgrades, as well as 11% for upgrading the roof.
- Construction type: The type of home construction may
yield various discounts, including fire resistive (11%), superior
(11%), masonry (7%), and asbestos/stucco (4%).
- Loyalty: Homeowners who remain with the same insurance
company for ten years or more may receive an 8% discount, on
average.
Some little-known discounts that may be overlooked include
savings for having a fire extinguisher (1%), smoke detector (2%),
or storm shutters (1%). Insurance explains how discounts are
applied and shows the companies that offer the best
savings for various discount categories.
"Home insurance companies offer options that can save you money
-- but you have to know what discounts you deserve first," explains
Michelle Megna, editorial director
for Insurance. "The good news is you can still save money on your
bill without skimping on the coverage you need."
The Insurance website provides several home insurance
calculators and tools to help homeowners, condo dwellers and
renters learn about average insurance rates in their ZIP code.
Megna is available to provide information on Insurance's
methodology and answer questions about steps homeowners can take to
maximize their savings.
About Insurance
Insurance is owned and operated by QuinStreet, Inc. (Nasdaq: QNST),
a leader in providing performance marketplace technologies and
services to the financial services and home services industries.
QuinStreet is a pioneer in delivering online marketplace solutions
to match searchers with brands in digital media. The company is
committed to providing consumers with the information and tools
they need to research, find and select the products and brands that
meet their needs. Insurance.com is a member of the company's expert
research and publishing division.
Insurance is a trusted online resource dedicated to educating
consumers on auto, home, health and life insurance, developing
relationships directly with carriers to offer consumers comparison
rates from multiple companies. Since 2001, Insurance's
industry-first online tools, data-based reporting and experienced
experts have helped consumers make informed insurance-related
decisions, so they can choose the right insurance for their
individual needs.
Twitter: @InsuranceDotCom
Facebook: https://www.facebook.com/InsuranceDotCom
Media Contact
Jacqueline Leppla
Senior Director of Public Relations
Direct +1 775 321 3608
Email: jleppla@quinstreet.com
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SOURCE Insurance.com