In Bellevue, WA, homeowners pay an average home insurance rate of $1,665 per annum. Vhome’s analysis reveals that Bellevue homeowners can save as much as $267 by availing discounts from home insurance companies.
Home insurance companies tend to provide discounts to Bellevue homes based on the age of the home. Bellevue homes that are new can receive discounts of up to $383 on home insurance rates. Depending on the age of the home, homeowners insurance can increase, since older homes have a higher propensity for damage. A study done by Vhome revealed that Bellevue homes older than 50 years could increase home insurance rates by up to $80.
Bellevue homes can avail substantial discounts based on home construction type. Bellevue homeowners can get discounts of $183 and $150, respectively, on homes constructed using fire-resistant and superior materials. Masonry and brick homes earn a discount of $83 each, while homes with hail resistant roof get a $50 discount.
Home insurance companies provide discounts to Bellevue homeowners based on their lifestyle choices. Bellevue households with a swimming pool can increase homeowners insurance by up to $100. Installing a fence around the swimming pool with self-closing gates can help homeowners earn discounts on insurance rates.
Bellevue has a property crime rate of 28.90 per 1,000 residents, with 4,175 reported property crimes. Bellevue households equipped with home security systems are less prone to burglaries. This helps homeowners earn discounts on homeowners’ insurance. Also, Bellevue homes located close to fire departments and law enforcement agencies earn discounts of $50 and $17, respectively, on home insurance rates.
Apart from this, Bellevue homeowners can lower home insurance rates by opting to pay a higher deductible. According to another study done by Vhome, Bellevue homeowners can save up to $500 for a lock-in period of 3 years by paying a high deductible of $1,500 in place of $500.