You can save on home insurance if you or your spouse is age 55 and above. An advisor can help you examine your current home insurance policy, determine if you are paying more than required, and explore the different discounts available to seniors.

Mature Credit
You may be eligible for home insurance discounts on your policy if you or your partner is 55 years of age and your home is your main residence. Home insurers offer retirees and seniors discounts because they tend to spend more time at home, where they can detect hazards in the home before they become disastrous.

Gated-Community Credit
Your house location can also affect your premium. Many insurers offer discounts for those living in a secure area. If you reside in a gated neighborhood, the security will reduce the risk of vandalism and theft. If you live in an easily accessible community or near a local fire department, your homeowner rates might lower.

Claims-Free Discount
Most insurers will reward retirees or seniors with a clean record. If you’ve had no claims on your policy for the past ten years, you could receive a discount. You may also be eligible for a long-term customer discount if you’ve been buying a home insurance policy from the company for years.

Homeowners Association Credit
Some insurers will discount you if you are part of the homeowners association. Due to these neighborhood associations’ added security and maintenance requirements, insurers may consider your home safe.

Contact an advisor to help you find the right home insurance coverage, compare quotes, and notify you of any discounts available.