Homeowner insurance in Texas is higher than most other states primarily because of the risk of natural disasters such as hurricanes, tornadoes, hail and harsh thunderstorms. Recent legislation has also mandated coverage for mold, and each of these factors drive costs up.
If your home is located in a flood plane, be sure to get separate flood insurance, as it is not included with many standard homeowner policies.
Having said that, there are still things you can do to keep your homeowner insurance premiums low. First and foremost – consult with your trained RedRock insurance agent to help you understand your options and help you make a decision that will provide you with adequate coverage.
Tips for lowering your homeowners insurance cost:
- Upgrade and improve your home’s heating, cooling, electrical and plumbing systems with more modern technologies that save on utility costs and have built-in safety features that insurance companies reward you for having.
- Make the exterior of your home more fire-safe by keeping combustible things, like bushes and firewood, at least ten feet away from your home.
- Safety features will lower your monthly premium. The more damage you can prevent, the lower the risk, and the lower the premium. Installing a fire prevention sprinkler system inside your home makes it less vulnerable to fire damage and makes your home a lesser risk. This can translate into lower homeowner policy premiums, so when calculating the cost/benefits, be sure to include the insurance savings.
- Check your credit rating prior to applying for insurance, and take measures to improve your credit score, if possible because your credit rating can impact the premium.
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