![]() ![]() Some insurers bundle policies entirely in-house. Policy bundle discountīundling your home and auto insurance can lower your premiums by 15% per year, according to. This might sway you to buy a newer home over an older one. If you're shopping for a home today, consider the potential for lower insurance premiums on new construction. As well, new electrical and plumbing systems are less likely to fail and cause catastrophic damage. ![]() This makes sense: A new home generally incorporates the most modern materials and latest building practices. The difference in premiums between a new home and a 20-year-old home is 23%. PolicyGenius reports that new construction costs 13% less to insure than a 10-year-old home. The difference in rates can be significant, too. New homes are cheaper to insure than older ones. Some homeowners insurance discounts can reduce your premiums by up to 20%.Ĭomparison shopping on homeowners insurance is critical, especially when you are bundling policies. You may need to ask prospective carriers about discounts and provide documentation that you qualify. Every insurance carrier handles discounts differently. ![]()
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