Saint Paul, Minnesota, homeowners’ can save up to 30% on home insurance costs
By: Hemanth Ramesh October, 17, 2019
Homeowners in Saint Paul, Minnesota, pay an average homeowner's insurance premium of $770 per annum, which is considerably lower than the national average of $1,228 per annum. This is possibly because metropolitan cities such as St Paul have lower crime rates, fast response times from the fire department, and are less prone to natural disasters.
While the average premiums in St Paul are low, homeowners can further earn discounts of up to 18% if they construct homes with superior fire-resistant material. Brick veneer constructions can get homeowners a discount of 3% on their insurance premiums, whereas those with masonry homes can get a discount of up to 11%.
St Paul homeowners who have not filed an insurance claim before can get a discount of $72. However, if you have filed one claim before, you will have to pay an additional $72 on your homeowner's insurance, and for homeowners who have 2 filed claims, the amount goes up to $123. Senior citizens of St Paul can avail a discount of about $123.
Homes with stone-coated steel roofs get a discount of 30% while homes with metal roofs get a discount of 20%. Moreover, homes with slate or tile roofs get a 15% discount.
Installing safety and security features on properties is another way for St Paul homeowners to lower their home insurance rates. For instance, installing deadbolt locks can get a discount of about $62. Functioning fire extinguishers can earn homeowners a discount of about $154, and smoke detectors can attract a discount of $144. A $123 discount can be availed for homes with sprinkler systems. Fire and burglar alarms can get a discount of $185 and 103 respectively, and lightning protection systems earn homeowners a discount of $31.
Bundling insurance policies can also generate big savings for homeowners in St Paul. Bundling home and auto insurance can attract a discount of at least 12%. Bundling homeowner's insurance with life insurance can help homeowners get a discount of about 13%. Bundling all three insurance policies—home, auto, and life—can earn St Paul homeowners a discount as high as 24%.
ABOUT THE AUTHOR
Hemanth Ramesh
Hemanth Ramesh works as a writer for Gavop. He has previously written content for film promotions, start-ups, advertising agencies and event management firms. Hemanth Ramesh completed his MA in Journalism and Mass Communication from The English and Foreign Languages University. His other passion includes script writing.
