--- title: "Market Madness: Ways To Save On Your Home Insurance Policy" description: Buying or selling a home? 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[** ](https://www.linkedin.com/company/em-ford-%26-company-llc/) # Market Madness: Ways To Save On Your Home Insurance Policy By [ EM Ford ](https://blog.emford.com/author/em-ford) August 6, 2020 [ No Comments](https://blog.emford.com/market-madness-ways-to-save-on-your-home-insurance-policy#comments-listing) Our economy may have taken a hit during the current global pandemic, however, the demand in the real estate market is high. According to realtor.com, as of June 2020, Owensboro is a sellers market. There are so many factors contributing to the current real estate traffic-- some people are in a hurry to buy and sell due to the uncertain future of the economy, some are having to downsize due to loss of employment, and since there is such a demand and listing prices are up, some are looking at this time as a good opportunity to sell. For most of us, we are now doing everything at home, and the quality of home and our needs are constantly changing. The impact of COVID-19 has also created a lot of unique needs for some that require relocation as well. If you have found yourself in a situation where you are purchasing a new home, it's a good time to evaluate your new home insurance needs. We've rounded up a few tips to help you save on your home insurance policy while still getting the coverage you need. **Increase your deductible.** Initial savings won't be obvious, but increasing your deductible to the highest you can afford will decrease your premium. Only claim losses that are well over your budget to repair. A loss-free record over time will save you premium dollars. **Install an alarm system. **Higher security can mean a lower insurance policy. Not only do alarm systems decrease burglary rates, but they also can decrease your insurance premium. **Maintain the condition of your home. **If you are moving into a new home, start this habit early on. Completing repairs as soon as possible and ensuring your home is in overall good condition is important-- many insurance companies require exterior and interior inspection photos. **Keep up your credit score. **Good credit can lead to a lot of perks. Maintaining a good credit score enables insurance companies to view you as a better risk, meaning more affordable home insurance policies and discounts. **Consider location when purchasing a new home. **If you are in the market to buy, keep in mind that location matters for more reasons than you may think. Newly built homes are eligible for discounts for up to 20%. Proximity to fire hydrants and stations can also mean additional insurance savings as well. **Ask about multi-policy discounts. **Most insurance companies offer discounts ranging from 15-20% when you bundle your home and auto insurance together. Talk to your insurance advisor to find out ways to bundle and save. Making the switch to a new home? Make the switch to more affordable home insurance, too. Want to learn more about your options? Request a quote below and one of our advisors will walk you through your options.  [![Request a Quote](https://no-cache.hubspot.com/cta/default/4418822/82ed53b3-c38a-444e-82ac-eca477cfd776.png)](https://cta-redirect.hubspot.com/cta/redirect/4418822/82ed53b3-c38a-444e-82ac-eca477cfd776) [![Download Our Ways To Save Guide](https://no-cache.hubspot.com/cta/default/4418822/03700265-5464-4ddf-9909-42a2fa515f94.png)](https://cta-redirect.hubspot.com/cta/redirect/4418822/03700265-5464-4ddf-9909-42a2fa515f94) # [Avoiding Water Damage Losses](https://blog.emford.com/avoiding-water-damage-losses) [ EM Ford ](https://blog.emford.com/author/em-ford) | [Personal Insurance](https://blog.emford.com/tag/personal-insurance) | [ No Comments](https://blog.emford.com/avoiding-water-damage-losses#comments-listing) When it comes to water damage losses, no season is safe as they can happen at any time. Each home comes with potential for water damage losses from pipes bursting to faulty construction and plumbing... # [Understanding Credit](https://blog.emford.com/understanding-credit) [ Ryan McDaniel ](https://blog.emford.com/author/ryan-mcdaniel) | [Insurance](https://blog.emford.com/tag/insurance), [Financial Planning](https://blog.emford.com/tag/financial-planning) | [ No Comments](https://blog.emford.com/understanding-credit#comments-listing) It’s difficult to imagine functioning in today’s world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to... # [5 Ways To Save For Your Next Vacation](https://blog.emford.com/5-ways-to-save-for-your-next-vacation) [ John Gleason ](https://blog.emford.com/author/john-gleason) [ No Comments](https://blog.emford.com/5-ways-to-save-for-your-next-vacation#comments-listing) For many of us, last week was fall break. And many are already dreaming about their next vacation. October is Financial Planning Month, and I want to help you financially plan for your next vacation... # [Four Chart Friday With Ryan McDaniel](https://blog.emford.com/four-chart-friday-with-ryan-mcdaniel) [ Ryan McDaniel ](https://blog.emford.com/author/ryan-mcdaniel) | [Financial Planning](https://blog.emford.com/tag/financial-planning) | [ No Comments](https://blog.emford.com/four-chart-friday-with-ryan-mcdaniel#comments-listing) If you’ve talked anything market related with me, you no doubt know I love charts. I think you can learn so much and increase your understanding from them. Here are four charts I’ve been looking at... #### Recent Articles - [Avoiding Water Damage Losses](https://blog.emford.com/avoiding-water-damage-losses) - [Understanding Credit](https://blog.emford.com/understanding-credit) - [5 Ways To Save For Your Next Vacation](https://blog.emford.com/5-ways-to-save-for-your-next-vacation) ### Subscribe here #### About EM Ford EM Ford is an independent insurance agency offering a comprehensive suite of insurance solutions to protect you from the unexpected. 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