7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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Who doesn’t love a good discount? Whether it’s on a new pair of shoes, a sunny vacation, or your home insurance coverage, saving money is always great. However, that home insurance quote may not always include all the discounts you deserve because your insurer may not know which discounts you qualify for.
Here’s a closer look at the types of home insurance discounts available and how you can take advantage of them.
Quick Facts
Home insurance discounts vary by company and state.
Most home insurance companies place a cap on how many discounts you can receive.
Several of the best home insurance discounts include bundling discounts, home safety discounts, roof upgrade discounts, and nonsmoker discounts.
Home insurance discounts can significantly lower the cost of your home insurance policy. You can score them when you initially purchase a policy, or you may receive them later when you qualify. While discounts vary by insurance company and state, a variety of them are available.
For example, you may get a discount if you choose the same insurer for your home insurance and auto insurance. You might also lock in a discount if you install a new security system in your home or pay for your entire annual premium up front. Another common type of discount is a new-home discount for purchasing a home that’s been built fairly recently.
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How do home insurance discounts work?
Not all home insurance discounts are created equal. They often amount to a percentage of your policy.
In addition, most home insurance companies place a cap on discounts, so you may not be able to get every discount that applies to you. An insurer may state that you can receive up to 20% or 25% in discounts. You may have to meet strict qualifications to enjoy the “up to” amount.
What discounts are available for home insurance?
Some of the most common home insurance discounts available include:
Bundling: If you purchase two or more insurance policies from the same company, like home insurance and auto insurance, you can score a bundling discount.
Multi-policy: A multi-policy discount is essentially another name for a bundling discount, and it may apply to you if you have multiple insurance policies with the same insurer.
Paid-in-full: You can land a paid-in-full discount if you pay for your annual home insurance policy in full rather than on a monthly or quarterly basis.
Autopay: The autopay discount may kick in if you let the home insurance company automatically deduct payments from your bank account.
New homeowner: If you’ve recently moved to a new home, you may be eligible for a new homeowner discount.
Seniors: While the exact age varies by company, the senior discount is usually for homeowners who are at least 55 years old.
Loyalty: If you’ve been with a home insurance company for a certain number of years, you might be able to save with a loyalty discount.
Home security: You can take advantage of this discount if you install a home security or alarm system in your home.
Fire prevention: A fire prevention or detection discount can save you money if you take measures to prevent or detect fires. This can include investing in fire sprinklers, fire alarms, and fire extinguishers for your home.
New customer: Some companies might reward you with a new customer discount when you buy a policy from them.
Neighborhood: You may be eligible for several discounts depending on the neighborhood where you live, such as a gated community discount, a homeowners association discount, and a neighborhood watch discount.
Military: If you’re an active or retired military member, or part of the military community in some way, you might be eligible for a military discount.
Nonsmoker: A nonsmoker discount can come in handy if you’re a homeowner who doesn’t smoke.
Water alarm: If you’ve installed a water alarm or related device to protect your home from water-related damages, you can lock in a discount.
Fortified home: The fortified home discount may apply if your home meets official FORTIFIED Home program standards.
How much can you save with home insurance discounts?
Several factors determine how much money you can save on your home insurance. Below are examples of how much money you can save with each discount through certain insurers. Remember that it may be possible to stack multiple discounts together.
Allstate: 25% when you bundle home and auto policies
Allstate: 20% when you switch without a recent home insurance claim
Travelers: 12%, on average, on home insurance when you have an auto policy and three other policies
Travelers: 5% if your home is already “green home” certified by the Leadership in Energy and Environmental Design (LEED) organization
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7 best home insurance discounts
As you shop around for home insurance discounts, you’ll likely notice that some discounts are better than others. This might be because these discounts are easier to qualify for, offer higher discount amounts, or are good for your home.
Here are some top picks for home insurance discounts you should always pursue.
Bundling discount
What it’s for: A bundling discount is for policyholders who purchase more than one type of insurance policy from the same company.
How to get it: Choose the same insurance company for your home insurance and another policy, like car insurance for example, to bundle these policies.[1]
Best for: Homeowners and vehicle owners
Some companies that offer a bundling discount: Nationwide, State Farm, Progressive, USAA
Paid-in-full discount
What it’s for: A paid-in-full discount is for policyholders who pay for their annual premiums up front.
How to get it: Make one payment for your entire annual premium rather than monthly or quarterly payments.
Best for: Homeowners with the funds to pay for their annual premiums all at once
Some companies that offer a paid-in-full discount: Progressive, Grange, Farmers
Claims-free discount
What it’s for: A claims-free discount is for policyholders who have gone a certain number of years without submitting any home insurance claims.
How to get it: Do your best to avoid filing unnecessary claims with your home insurance company for as long as possible.
Best for: Homeowners who don’t submit claims often
Some companies that offer a claims-free discount: Nationwide, Farmers, Liberty Mutual
Home safety discount
What it’s for: A home safety discount is for policyholders who install safety measures in their homes.[1]
How to get it: Invest in safety measures, such as security systems, fire alarm systems, smart thermostats, and home monitoring systems.
Best for: Homeowners who have the desire to improve their homes with quality safety measures
Some companies that offer a home safety discount: Allstate, Farmers
Roof upgrade discount
What it’s for: A roof upgrade discount is for policyholders who invest in impact-resistant shingles.
How to get it: Replace your current roof with impact-resistant shingles.
Best for: Homeowners who would like to upgrade their roof with impact-resistant materials that can protect against wind and hailstorms
Some companies that offer a roof upgrade discount: State Farm, Nationwide
Loyalty discount
What it’s for: A loyalty discount is for policyholders who have used the same home insurance company for a certain number of years.
How to get it: Stay with the same home insurance policy for at least a few years.
Best for: Homeowners who are pleased with their home insurance company and plan to commit to it for a while
Some companies that offer a loyalty discount: Amica, American Family Insurance
Nonsmokers discount
What it’s for: A nonsmoker discount is for policyholders who don’t smoke and, as a result, reduce the risk of fires.
How to get it: Let your insurance company know you don’t smoke, or quit if you currently do.
Best for: Homeowners who don’t smoke
Companies that offer a nonsmoker discount: Farmers, Allstate
Methodology
Many homeowners insurance companies offer multiple discounts. To select the best discounts, Insurify’s editorial team considered the availability of the discount, ease of qualifying for the discount, potential savings with the discount, and corollary benefits the discount might provide for homeowners.
How to get home insurance discounts
When you apply for a home insurance policy, visit an insurer’s website to look at its list of homeowners insurance discounts. You can also ask the insurer directly about what discounts are available. Then, work with an agent to help you determine which ones you qualify for and whether there’s a cap.
It’s in your best interest to go through this process with multiple companies so you can determine which one can offer you the best discounts. Remember that you may be eligible for additional discounts down the road, and don’t fret if you don’t qualify for too many right away.
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Home insurance discounts FAQs
Home insurance discounts can help you save big on your home insurance premiums. Here’s some additional information that can help as you’re shopping for a home insurance policy.
How can you lower home insurance costs without discounts?
In addition to home insurance discounts, you can save money on your home insurance policy if you increase your home insurance deductible and maintain good credit. Another option is to shop around and compare home insurance quotes from multiple companies on an annual basis.[2]
Is homeowners insurance cheaper if you don’t have a mortgage?
Unfortunately, home insurance isn’t more affordable without a mortgage. This is because your home still has the same risks it would if you had a loan. While you may not be required to have a policy without a mortgage, investing in one is still a good idea.[3]
What’s a deductible in home insurance?
A homeowners insurance deductible is the amount of money you pay out of pocket for damages before your home insurance policy kicks in and covers the rest. The higher your deductible, the lower your premium. Deductibles can be fixed or percentage-based, depending on the insurance company.
How can you get the best home insurance rate?
To lock in the cheapest premiums on your home insurance, shop around and compare your options. Then, explore all the discounts available and take advantage of each one that you qualify for up to your insurer’s cap (if it has one).
Anna Baluch is a Cleveland-based personal finance and insurance expert. With an MBA from Roosevelt University, she enjoys writing educational content that helps people make smart financial decisions. Her work can be seen across the internet on many publications, including Freedom Debt Relief, Credit Karma, RateGenius, and the Balance. Connect with Anna on LinkedIn.
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
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