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By: Hemanth Ramesh September, 10, 2019

Homeowners in San Francisco, California, pay a homeowner's insurance premium of $1,650 per annum, which is higher than the national average of $1228. There are multiple ways San Francisco homeowners can lower their homeowner's insurance rates.

One way is by ensuring that all construction on the property is fire resistant. Homeowners with brick veneer homes get earn up to a 5% discount on their homeowner's insurance and those with masonry constructions get a discount of up to 8%. Homeowners with homes constructed using superior fire-resistant construction materials get as much as a 23% discount.

San Francisco homeowners who haven’t filed an insurance claim before are also eligible for discounts as insurance companies view them as safer investments. In this case, homeowners are given a discount of up to $93. On the other hand, homeowners who have filed a claim before might have to pay an additional $43 on their insurance. Those who have already filed 2 claims may have to pay an additional $72. Senior citizens in San Francisco are given a discount of about $72 on their homeowner's insurance rate.

San Francisco homeowners can also lower their homeowner's insurance rates by upgrading their safety features. Installing deadbolt locks can earn a discount of up to $136 and equipping the property with fire extinguishers can lower insurance rates by $50. Functioning smoke detectors can ensure a discount of up to $129. Sprinkler systems can ensure an additional discount of $93 and fire alarms earn a discount of up to $100. Protecting the property with a burglar alarm system can ensure homeowners get a discount of up to $57. With a lightning protection system, San Francisco homeowners can get a nominal discount of $29.

San Francisco homeowners can also lower their home insurance costs by bundling multiple insurance policies under one company. Homeowners who bundle their home and auto insurance policies together can get a discount of up to 12%. Bundling homeowner's insurance policy with a life insurance policy can help San Francisco homeowners avail a discount of 14%. Bundling all three insurance policies, homeowners, auto, and life, can help homeowners get a discount of up to 21%.



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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.