How to Save on Homeowners InsuranceWhen buying a house in the Maplewood/South Orange area, there are other factors you need to consider besides the purchase price of a home. Another important consideration is the cost of homeowners insurance. The good news is, there are ways you can save on your monthly premium. Here’s what to consider when you’re shopping around for your plan.

Bundle your insurance plans

If you’ve already got car insurance, check to see how much you can save by bundling it with a homeowners insurance policy. Most major insurance companies offer good discounts if you have more than one plan with them. You can save as much as 20 percent by bundling.

Take advantage of other discounts

In addition to bundling, many insurers offer other discounts. This can include everything from having no prior claims to setting up an electronic funds transfer (EFT) for your payments. Be sure to ask the agent when you’re comparing prices.

Go for a higher deductible

If you’re willing to pay more out of pocket when you file a claim, you could see huge savings in your monthly premium. However, you should exercise caution because you don’t want to end up paying a deductible that you can’t afford.

Boost security

If your home has a security system, it can protect you from break-ins. So it stands to reason that you can save on your policy if you are less of an insurance risk. Look for systems that contact local personnel directly, as they’ll save you the most. You may also save by adding elements to your home such as storm shutters, which will protect it from damage during bad weather.

Improve credit score

Your credit score is used by insurance companies to calculate your rates, which means the better your score is, the less you will pay. Having a low score makes you more of a risk, so be sure your credit score is in good shape before shopping around.

Prevent fires

Home fires can be devastating, and preventing fires is a top priority for insurers. You may receive additional discounts for every permanent smoke alarm in your home, as well as a sprinkler system. And you could also score some savings by being a non-smoker. Many home fires are accidently started by smokers, so they’re considered a greater risk.

Eliminate safety hazards

Yes, your kids love that trampoline. But it can cost you in the long run with higher insurance premiums. The same goes for a tree house. And if you have a pool, be aware that it can also be a liability. If you don’t want to get rid of the pool, then make sure you have the proper fencing installed around it to limit the possibility of an accidental drowning.

Shop around

Lastly, don’t forget to shop around. Just like with a mortgage, every insurer will quote you a different price, so it pays to talk to several companies. Each company has their own methods for calculating rates, and you could see a sizable difference from one to the next. By looking at all your options and asking about available discounts, you’ll be confident that you’re getting the best homeowners insurance rates.

The Allison Ziefert Real Estate Group is a top producing real estate group based at Keller Williams Mid-Town Direct in Maplewood, NJ. Allison Ziefert, a local market expert, specializes in Maplewood, South Orange, Millburn/Short Hills and West Orange, NJ real estate and homes, and the surrounding towns. Allison’s success as a Maplewood/South Orange realtor is driven by earning great testimonials from sellers and buyers of homes in her marketplace. You can read the testimonials at