Depending on where you live, home insurance can get expensive. We’ve compiled a thorough list of home insurance discounts. There are hundreds of different home insurance companies, however, and we can’t possibly list every single discount that every company has available. The following list contains the most common discounts available with the widest number of companies.

New Purchase. Most insurance companies will give you a discount if you have just purchased and are moving into a home.

Excellent Credit. Credit can play a major role in the price of your home insurance. If you have excellent credit, you stand the best chance of finding the best rate.

Claims Free. Previous claims on your home insurance record can negatively affect your rate. Most home insurance claims stay on your record for 3 – 5 years.

Companion Product. If you also insure your cars or any other insurable product with the same company, you will receive an additional home insurance discount.

Over 50. Being over the age of 50 can actually be a good thing! Once you hurdle this age milestone, you qualify for an additional premium reduction with most companies.

Transfer. Many insurance companies will give you a home insurance discount if you transfer from one of their to competitors.

New Home. Almost all insurance companies will lower your premium if your home is brand new or less than five years old. This discount is typically decreased with time, increasing your insurance premium by a little each year.

New Roof. A good majority of insurance claims involve the roof. If you have a new or relatively new roof, you may be able to lower your premium.

Roof Certification. In Addition to having a new roof, if you have a roof that has a building certification (like 50 year shingles), many companies will give you a steep discount.

Centrally Monitored Burglar Alarm. Nearly all home insurance companies will give a 10 – 20% home insurance discount for having an alarm connected to a monitoring station.

Local Burglar Alarm. A local burglar alarm is an alarm located in the home that still has full functionality but is not connected to a central station.

Fire Sprinklers. Although very rare in residential housing, having fire sprinklers can help you lower your insurance premiums.

Deadbolt. Believe it or not, most insurance companies still give a home insurance discount for having deadbolts on all exterior doors.

Fire Extinguisher. Having a fire extinguisher in the home can be a small reduction in your premium.

No Mortgage. Having no mortgage and continuing to have home insurance shows responsibility and thus qualifies most people for an additional discount.

Retired. If you are retired, you may qualify for an additional discount with most companies.

Higher Education. Higher education shows insurance companies you are responsible and thus can lower your premium.

Accredited Builder. Most insurance companies will give you a discount if your home was recently built by a reputable builder.

Gated Community. Gated communities have another defense against burglary, and thus are subject to lower premiums than homes outside gated communities.

Construction Materials. The construction materials your home is built of can get you an additional discount.

Ask For All Home Insurance Discounts You Qualify For

Now that you are aware of the most common home insurance discounts, when you shop for home insurance, be sure to ask each agent if every single discount you qualify for has been added to your policy.