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Homeowners in San Bernardino pay an average home insurance rate of $745. Home insurance companies offer numerous discounts to San Bernardino residents based on various factors. Below are some of the things that San Bernardino homeowners should keep in mind when choosing the cheapest home insurance company.

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Comparing Quotes

No two home insurance companies offer the same quote to homeowners. Home insurance companies use different parameters such as the age of home, safety features, and distance to public agenciesto determine home insurance rates. The analysis done by vHome revealed that San Bernardino homeowners can save up to $240 by comparing quotes from multiple home insurance companies and choosing the cheapest one based on their coverage needs. San Bernardino homeowners should also make sure that the coverage value should be enough to replace/repair the damages of their homes.

Add-on Policies

Home insurance companies offer additional policies besides the standard home insurance policy. The add-on policies include flood insurance, earthquake insurance, pet insurance, and collectible insurance. Home insurance agents work alongside homeowners to understand their requirements and customize their policies accordingly. San Bernardino homeowners should opt for the service provider that offers the cheapest quotes according to their coverage needs.

Available Discounts

Home insurance companies provide discounts on homeowners insurance by considering different factors. Newly constructed San Bernardino homes get discounts of up to $179. If the house is built using fire-resistive materials, homeowners can further avail up to an $82 discount. Home insurance companies also provide discounts to active and retired army personnel, federal government employees, teachers, and senior residents. In addition to this, home insurance companies consider the lifestyle choice of homeowners when offering discounts.

Deductibles vs. Insurance Costs

Homeowners can reduce their insurance costs by opting for a high deductible. The percentage of reduction in insurance rates for the same deductible differs between one insurance company to another. Home insurance rates can reduce by up to $176 and $210, respectively, on deductibles of $2,000 and $2,500. San Bernardino homeowners can save $600 on a lock-in period of 8 years by opting for a high deductible of $2,000 in place of $1,000.

Post-Claim Insurance Rates

The claims history of a homeowner can have a significant impact when determining their insurance rates. Home insurance companies tend to charge lower insurance rates to homeowners who have a claims-free history. On the other hand, home insurance costs can increase by up to 44% based on the nature and number of claims. For example, San Bernardino homeowners who have filed two fire claims may pay an additional insurance cost of $313.