7 Ways to Save Money on Home Insurance


Home insurance is a necessary expenditure for homeowners. However, the amount you pay can be reduced if you meet the criteria for some of your insurer’s property insurance discounts. Most insurers have similar types of discounts to help you save money on home insurance, although reduction percentages may vary.

At SE Mutual, we offer seven possible discounts for homeowners:

Multi-Line Discount

Our multi-line discount is 10% and is available to homeowners who have another type of insurance policy with us, such as automobile or commercial insurance. It can be applied at any point during the policy term.

Claims-Free Discount

SE Mutual policyholders are eligible for our claims-free discount of 10% on their renewal term following three years without a property claim. New clients are eligible if they have not had a claim in the three years prior to applying for insurance.

No Auxiliary Heat

A home’s only heat source must be a furnace (natural gas, oil or wood), or electric heat to qualify for this 10% reduction. A secondary heat source, such as a wood, pellet, or propane stove or insert, will make the property ineligible. A mini-split heat pump is an exception and can be used as a secondary heat source without losing eligibility for the no auxiliary heat discount.

Mature Discount

Homeowners who are 50 years of age or older can save money on their home insurance with this 10% discount. It is automatically applied on the renewal term after an insured’s 50th birthday.

New Home Discount

Homes that are five years old or newer are eligible for a 10% discount. Six to ten year old homes qualify for 5% savings.

Mortgage-Free Discount

Homeowners who do not have a mortgage on their home are eligible for a 5% discount. This reduction can be applied at any point during the policy period.

Monitored Alarm System Discount

Homes that have an actively monitored burglary and fire alarm system qualify for this 5% discount. It can also be applied at any point during the policy period.

To learn more about  home insurance policies, check out these other articles:

Insurance: Replacement Cost vs Actual Cost Value

7 Everyday Insurance Terms You Should Know

This article is intended for informational purposes only. It is recommended that you speak with your Agent, Broker or Insurer for accurate information pertaining to your specific insurance policy and/or individual insurance needs.

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