In Enid, Oklahoma, homeowners pay an average home insurance rate of $1,324, which is lower than the national average of $1,438. Considering several factors, Enid homeowners can use home insurance companies’ discounts to reduce their home insurance rates. Below is a list of the deals provided to Enid homeowners that they can take advantage of to save on home insurance.
Home insurance companies provide discounts to Enid homeowners based on the construction materials used to build the house. Enid homes built using sturdy materials make them more resistant to damage, earning them considerable discounts from home insurance companies. For example, Enid homes constructed using fire-resistive materials and superior materials get discounts of $146 and $119, respectively, on their homeowner’s insurance. Houses built using masonry and brick earn a discount of $66, while homes that have a hail resistant roof get a $26 discount.
Newly constructed Enid homes can avail of discounts of up to $278 on homeowners insurance. New homes have a low propensity to damage. As a result, home insurance companies offer substantial discounts to newly built homes. On the other hand, older homes attract higher insurance rates. The average home insurance rates of Enid homes older than 40 years and 50 years are $1,388 and $1,358, respectively.
In the best interest of protecting their investments, home insurance companies offer discounts to homes installed with safety devices. For instance, Enid homes with deadbolts and fire extinguishers can avail discounts.
Although most of the factors to avail discounts are not under the purview of homeowners, they can benefit most by choosing deductibles to reduce home insurance rates. Homeowners can avail of attractive discounts by opting for higher deductibles. Enid homeowners paying a high deductible of $2,500 receive a discount $377 on homeowners insurance. Meanwhile, homeowners receive a discount of $312 and $209, respectively, on deductibles of $2,000 and $1,500.
Home insurance companies provide discounts to homeowners who have a claims-free history. In contrast, homeowners with prior claims can attract an additional charge on their home insurance premiums. The cost of home insurance in Enid increases by up to 44% based on the nature and number of claims.
Home insurance companies provide special discounts to Enid homeowners based on their profession. Teachers, army personnel, and federal government employees can avail of special discounts on homeowners insurance. Also, senior homeowners in Enid can avail of discounts of up to $217 on homeowners insurance. Home insurance companies provide discounts to homeowners, depending on their claims history.