In Fort Myers, Florida, homeowners pay an average home insurance rate ranging between $982 to $1,333. Fort Myers homeowners can use the discounts offered by home insurance companies to reduce their home insurance rates. Below is a list of the discounts provided to Fort Myers homeowners that they can take advantage of to save on home insurance.
Newly constructed Fort Myers homes can avail of discounts of up to $351 on homeowners insurance. New homes have a low propensity to damage. As a result, home insurance companies offer substantial discounts to newly built homes. In contrast, older homes attract higher insurance rates. Fort Myers homes older than 40 and 50 years receive an additional charge of $40 and $73, 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. Fort Myers homeowners who own a swimming pool attract an additional insurance cost of up to $92. Installing a fence around the pool with self-latching and self-closing gates will help homeowners receive discounts from home insurance companies. Additionally, senior citizens in Fort Myers also receive discounts on home insurance.
Although most of the factors to avail discounts are not under the purview of homeowners, they can still benefit by choosing deductibles to reduce home insurance rates. Homeowners can avail of attractive discounts by opting for higher deductibles. Fort Myers homeowners opting for a high deductible of $2,500 can avail of a discount of $430 on homeowners insurance. Homeowners receive discounts of $360 and $242, respectively, on deductibles of $2,000 and $1,500. Fort Myers homeowners save an average of $1,000 on a high deductible of $3,200 compared to a standard deductible of $1,200 for a lock-in period of 6 years.
Home insurance companies provide discounts to homeowners who have a claims-free history. On the other hand, homeowners with prior claims can attract an additional charge on their home insurance premiums. The cost of home insurance in Fort Myers increases by up to 44% based on the nature and number of claims. Fort Myers homeowners who have a history of two fire claims and two water claims attract an additional charge of $640 and $503, respectively.