In Livonia, Michigan, homeowners pay an average home insurance rate ranging between $653 to $885. Livonia homeowners can use discounts offered by home insurance companies to reduce their home insurance rates. Below is a list of the discounts provided to Livonia homeowners that they can take advantage of to save on home insurance.
Newly constructed Livonia homes can avail of discounts of up to $164 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. Livonia homes older than 40 and 50 years receive an additional charge of $21 and $39, respectively, on home insurance.
Home insurance companies consider the lifestyle of homeowners to determine insurance rates. If all the household residents are non-smokers, insurance companies offer special discounts on home insurance rates. Livonia homeowners who own a swimming pool attract an additional insurance cost of up to $49. Installing a fence around the pool with self-latching and self-closing gates will help homeowners get discounts from home insurance companies. Additionally, senior citizens in Livonia also receive discounts on home insurance.
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. Livonia homeowners paying a high deductible of $2,500 can avail of a discount of $231 on homeowners insurance. Homeowners receive discounts of $193 and $130, respectively, on deductibles of $2,000 and $1,500. Livonia homeowners save an average of $500 on a high deductible of $2,500 compared to a standard deductible of $500 for a lock-in period of 5 years.
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 Livonia increases by up to 44% based on the nature and number of claims. Livonia homeowners who have a history of two fire claims and two water claims attract an additional charge of $344 and $270, respectively.