(… To Save You Money)
Massachusetts Home Insurance
Consider higher deductibles. When your parents bought their first home, most likely their deductible was $250. As a general rule of thumb you can save 10% of the annual premium if you carried a $500 deductible; an additional 10% if you carried a $1,000 deductible.
For those of us that go years & years without claims, higher deductibles is, literally, “money in the bank.”
In addition, by carrying a higher deductible you self-insure yourself a little more thus making the chance of filing a small claim less appealing. By doing such consumers can keep their “loss free” credits and, without claim frequency, you ensure your insurability.