5 Ways to Reduce Your Homeowners Insurance – and More

Share this Article

  • Email

January 6, 2021

Everybody wants to save money on their insurance premiums. If you own a home, you actually have a number of options for getting discounts on your homeowners insurance with Meemic.

There are some obvious ways, like installing smoke detectors in the home. You may be eligible for a multipolicy discount if you also purchase your car insurance from Meemic, known as bundling.

But there are other discounts available to reduce the costs of homeowners insurance that you may not be aware of. Here are five that many homeowners don't know about:

Newly certified teacher discount: Available for up to the first seven years following certification.

Renovated home discount: If you own an older home, you may qualify for a discount on your
insurance premium if you upgrade your home’s electrical system, plumbing, heating and cooling, or roof. Check with us for suggestions on maximizing discounts before you begin.

Claims-free discount: If you haven't filed a homeowners insurance claim in the last five years, Meemic offers a discount on the annual cost of your coverage. If you've been with Meemic for years but have had a claim or two in the past, you may still qualify for a long-term customer discount.

New home discount: Buy a new home and Meemic may offer a discount on your premium.

Mature homeowner discount: Retired homeowners tend to spend more time at home, and this means they are more likely to be able to prevent an emergency such as a gas leak or broken pipe from going from bad to worse. If the named insured or spouse for a household is an adult who is 55 years or older, you may qualify for a discount.

Homeowners insurance costs vary based on many factors, including your location and the coverage you select. Contact us today to review your policy and learn if you qualify for any of these cost-reducing discounts.

More Ways to Save

Meemic also offers a variety of discounts on auto insurance. Check with your agent to see if you’re eligible for any of these:
  • New teacher discount
  • Good student discount
  • Mature driver discount
  • Defensive driver discount (Illinois)
Discounts and savings opportunities subject to eligibility requirements. Not all discounts are available in all areas. Coverage is subject to all policy terms, conditions, exclusions and limitations.  Subject to underwriting eligibility requirements.  Insurance underwritten by Meemic Insurance Company, 1685 N. Opdyke Rd., Auburn Hills, MI  48326.
Questions & Feedback