In Fargo, the average homeowner pays about $204 monthly, or almost $2500 yearly. Like most Americans, many people in the area hope to save money whenever possible to deal with inflation and the generally high cost of living.
Saving Money on Fargo Home Insurance
With that in mind, it’s worth learning more about different Fargo insurance discounts that might apply to you.
1. Multi-Policy Discount
One of the easiest ways to save on home insurance is by bundling multiple policies with the same provider. If you have auto, life, or other types of insurance with the same company, you might be eligible for a generous multi-policy discount.
2. Security System Discount
Homeowners who invest in security systems often benefit from lower insurance rates. Installing burglar alarms, smoke detectors, and other safety features protects your home and demonstrates to insurers that you are proactive about minimizing risks.
3. Claims-Free Discount
You might qualify for a claims-free discount if you have a history of not filing claims. Insurers reward policyholders who refrain from frequently making claims, indicating a lower risk profile.
4. New Home Discount
Newly constructed homes often qualify for discounts because they are built to the latest safety and construction standards. You might be eligible for this discount if your home is newly constructed or has recently completed significant renovations.
5. Loyalty Discount
Sticking with the same insurance provider for several years can sometimes result in a loyalty discount.
6. Green Home Discount
Energy-efficient or environmentally friendly homes may qualify for a green home discount. Ask your insurer about potential savings if your home has features like:
- Solar panels
- Energy-efficient windows
- Other sustainable elements
7. Senior Citizen Discount
Some insurers offer discounts to senior citizens. If you are over a certain age, typically 55 or 60, you may be eligible for reduced rates on your home insurance policy.
8. Professional or Organizational Discounts
Check with your insurer to see if your professional or alumni status can help you save on your premiums.
9. Renovation Discount
You might be eligible for a renovation discount if you’ve recently upgraded your home’s electrical, plumbing, or roofing systems. Modernized systems reduce the risk of damage and make your home safer, which insurers recognize with lower rates.
10. Payment Discounts
Paying your premium in full or setting up automatic payments can also lead to discounts.
How to Find the Best Fargo Home Insurance Discounts
To take advantage of these discounts, start by reviewing your current insurance policy and identifying areas where you might qualify for savings.
Call your friendly Fargo insurance agent at Fargo Moorhead Insurance today for personalized assistance!