When it comes to protecting your most valuable asset—your home—home insurance is a non-negotiable investment. However, that doesn’t mean you should pay more than necessary. If you live in Burlington, Ontario, you’re in a great position to shop smart and find quality coverage at an affordable rate. With a little knowledge and strategy, you can significantly reduce your premiums. In this article, we’ll explore the top 5 practical tips to help you save money on home insurance in Burlington, while also highlighting how bundling with auto insurance in Burlington can further maximize your savings.
1. Bundle Home and Auto Insurance for Multi-Policy Discounts
One of the easiest and most effective ways to reduce the cost of your home insurance in Burlington is by bundling it with your auto insurance. Most insurance providers offer attractive multi-policy discounts when you combine both under one roof.
Why It Works:
Insurance companies value customer loyalty and offer incentives to encourage clients to keep multiple policies with them. This is not only convenient for you—managing everything in one place—but it could also slash your premiums by up to 25%.
Tip:
When shopping for coverage, always ask the provider if they offer bundling discounts. For example, bundling your home insurance in Burlington with auto insurance in Burlington could save hundreds annually.
2. Increase Your Deductible
The deductible is the amount you agree to pay out-of-pocket before your insurance policy kicks in. The higher your deductible, the lower your premium.
How This Helps:
Insurers reward homeowners who take on more risk by offering lower monthly premiums. If you’re in a financially stable position and can handle a higher deductible in the event of a claim, this strategy could lead to substantial savings.
Example:
Raising your deductible from $500 to $1,000 could reduce your home insurance premium by 10–15%. However, make sure the deductible amount is still within your financial comfort zone.
3. Improve Home Security and Safety
Insurance companies assess your home’s risk level before offering coverage. Making your property safer not only reduces the risk of theft and damage but also signals to insurers that you’re a lower-risk client.
Quick Upgrades That Could Lower Premiums:
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Install monitored smoke detectors and burglar alarms.
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Upgrade door locks and reinforce entry points.
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Add deadbolt locks and smart security systems.
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Invest in water leak detection systems and fire sprinklers.
Bonus Tip:
Ask your insurer which security upgrades qualify for discounts. Many insurance companies have specific safety features that can directly reduce your premiums.
4. Maintain a Good Credit Score
In some provinces, including Ontario, insurers are allowed to consider your credit score as part of their risk assessment. A higher credit score generally indicates financial responsibility, which could translate into lower premiums.
How to Boost or Maintain Your Score:
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Pay your bills on time.
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Keep credit card balances low.
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Avoid opening multiple new accounts in a short time.
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Monitor your credit report for errors and resolve them.
Insight:
While this may not result in immediate savings, improving your credit score over time can significantly affect how much you pay for home insurance in Burlington and even auto insurance in Burlington.
5. Review and Update Your Policy Regularly
Life changes quickly, and your insurance policy should reflect those changes. Reviewing your coverage annually ensures you’re not paying for unnecessary add-ons or underinsured in key areas.
Things to Consider:
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Have you recently renovated or upgraded your home?
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Did you install a new roof or replace old plumbing?
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Have property values in your neighborhood changed?
If you’ve improved your home’s structure or value, your risk profile may have changed—sometimes enough to warrant a lower premium. At the same time, be cautious not to drop essential coverage just to save money. Work with a knowledgeable agent who can help assess your true insurance needs.
Bonus Tip: Shop Around for Quotes
Even within Burlington, insurance rates can vary significantly from one provider to another. Don’t settle for the first quote you receive. Get at least three to five quotes from reputable providers.
Look for:
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Customer reviews and claim-handling reputation
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Customizable coverage options
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Available discounts (loyalty, senior, new homebuyer, etc.)
If you’ve bundled auto insurance in Burlington with your home policy, make sure to include that in your quote request to fully leverage any multi-policy discounts.
Conclusion
Saving money on home insurance in Burlington doesn’t have to mean sacrificing coverage or service. With smart strategies like bundling your auto insurance in Burlington, increasing your deductible, enhancing home security, and staying on top of your policy, you can enjoy excellent protection at a price that fits your budget. Always remember to consult a licensed insurance advisor to help navigate these choices and tailor a policy to your specific needs.
Your home is more than just a building—it’s where memories are made, families grow, and lives unfold. Protect it wisely and affordably.
