How to Save on Your Indianapolis Homeowners Insurance Premiums

Even though you already have coverage, you should consult a homeowners insurance agency in Indianapolis ,IN on a yearly basis. In addition to ensuring you’re fully covered, you can use these consultations to help you take advantage of new savings. While your agent may offer more ideas to save you money on your insurance coverage, here are a few suggestions to help you get started.

Know the Value of Rebuilding Your Home

Many home owners confuse the market value or purchase price of their home with what it will cost to rebuild their home. Keep in mind that you won’t need to cover the land upon which your home is built in determining how much coverage you’ll need. Doing so will increase your coverage and the cost of your monthly premiums. You should only include the cost of rebuilding your existing home.

Update Your Home

It may be worthwhile to spend money in order to save more money in the long run. Your insurance agent can advise you on making updates that will make your home more resistant to tropical storms, high winds, and other types of natural disasters. Making these changes can entitle you to instant discounts in addition to lowering what you’ll pay on your monthly premiums.

Your Credit Score Matters

In between consultations with a homeowners insurance agency in Indianapolis, IN, you should make an effort to improve your credit score. Just keeping up with monthly bills and paying down your debt gradually over time may be enough to give your credit rating a significant boost. This can be enough to entitle you to lower rates on your home and auto insurance.

When you need help updating any type of insurance, find out how The Thompson Group can help you by visiting