If you are looking to buy a home in the Sunshine State, you may be wondering how you are going to reduce your home insurance cost in Florida. You may think that it is impossible to achieve this due to all the natural disasters taking place from time to time. On the contrary, there are quite a few things you can do to reduce your homeowner’s insurance cost.

 Let’s take a look at some ideas:

Ø  You could spend your time looking for a recently renovated home or newly built house usually built after 2002. Homes like these get you an additional 15 percent on average in automatic credits compared to older homes, for various reasons. One of which that your new home’s plumbing and electrical systems and roof are in a very good condition, meaning there is a lesser chance for damage to the structure.

Ø  You may not have known that your insurance cost in Florida will be much lower should you live near a fire station or police station. Having a fire department nearby gives you a much better chance of receiving cheaper homeowners insurance coverage in Florida, there are credits given for a fire hydrant within 1000 feet and fire station within 5 miles.

Ø  Before you go out to buy your home, you should set yourself realistic expectations with regards to the crime rate in the area you are interested in. Know that your real estate agent may hide this from you. So it is best to get your info straight from the law (the police), or even the neighbors where possible. Insurance companies will charge you higher rates for high crime areas based on previous claims history for that particular area.

 Ø  Best to find a home that stands up to Florida’s bad weather. This would mean you should be choosing a solid structure that will resist water and wind damage such as a concrete block house or brick house.

 Ø  Another factor that would count in your favor when wanting to reduce your insurance cost in Florida would be to ensure you home have devices such as sprinklers and fire alarms installed to help prevent a house fire. In addition, having burglar alarms to distract thieves is good as it will help lower your safety risk and get you reduced rates, in turn, all of which provide credits for you to reduce the cost of your insurance.

 Ø  Did you know that you can even get a discount on your homeowner’s insurance if you do not smoke as well as any safety features that were installed in your home. In addition, you are entitled to multi-policies discount if you should get more than one policy, one for homeowners insurance and the other for automobile policy, all from the same company which in Florida is very unlikely since all the mainstream carriers ( Allstate, State Farm, Liberty Mutual etc.) are not actively writing homeowners in Florida.

It is good to know that you can realize great savings and reduce your home insurance costs in Florida drastically by boosting your deductibles. It depends on how high your deductibles are as to how much you will save and how much you can afford to increase those deductibles. You may even save as much as 40 percent! As long as you make sure that you can afford the amount, you are good to go. Whatever you do, always do your homework and draw up a Pros and Cons sheet for yourself so you can compare your various options against each other. It might be an idea to speak to agents at Diverse Insurance Group to get sound advice on what is needed to reduce your homeowner’s insurance cost in Florida.

Click here to read more about What Factors Are Considered in Establishing Your Homeowner’s Insurance Premiums in Florida