Install or verify protective devices, maintain a strong insurance profile, provide proof of new home purchase where requested, and bundle policies.

Discover the Best Discounts for New Homeowners with Mercury Insurance

Q: What discounts are available for new homeowners?

Savings commonly include multi-policy (home + auto), protective-device credits (alarms, detectors), and lower-risk home/location considerations.

Q: Is bundling worth it?

Yes—bundling typically yields meaningful percentage savings across both policies and simplifies billing.

Q: How do I find the best rate?

Compare multiple quotes, right-size your deductibles and limits, and confirm that every eligible discount is applied to your policy.

Are you a new homeowner hoping to save money on insurance? Mercury Insurance offers several discounts made for first-time buyers. You get strong protection for your home without overspending. This guide helps you discover the top ways to lower premiums and how to qualify, so you can focus on your new place with peace of mind.

Whether you’ve just bought your first home or moved to a new one, knowing about available discounts and bundling options can help you unlock meaningful savings while keeping coverage complete.

Unlocking Savings: Discounts for New Homeowners

If you’re managing more than one policy, the easiest way to lower your total bill is to organize coverage under one account. A single renewal date means fewer missed payments, clearer paperwork, and a better view of your overall protection—especially if you’re updating deductibles or adding endorsements.

Bundle and save. Combine homeowners with auto insurance to get multi-policy discounts and easier renewals. Start here: home & auto insurance rates.

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Protective devices. Insurers often reward “loss-prevention” upgrades because they reduce both claim frequency and severity. Beyond basic smoke and CO detectors, monitored burglar alarms, smart water-leak sensors, shutoff valves, and even certain doorbell cameras can qualify for extra credits. When you request a quote, list each device separately (and note if it’s professionally monitored) so the discount isn’t missed.

Location and construction factors. Your ZIP code and local hazards matter, but so does how the home is built and maintained. A newer roof, storm-rated shingles, updated electrical panels/wiring, modern plumbing, and reinforced garage doors can reduce risk in the insurer’s model. If you’ve done renovations, keep invoices or permits handy—some carriers apply “newer home features” discounts only when you can verify the upgrade date.

Responsible profile and smart deductibles. A stable insurance history, fewer recent claims, and consistent payment habits can help keep rates lower. Deductibles are another lever: raising them can cut premium, but choose a number you can comfortably pay after a loss. A practical rule is to set deductibles at a level your emergency fund can handle without stress—especially for wind/hail or water-related claims.

Smart homeowner tip: Create a simple “upgrade log” for your house (roof year, alarm type, plumbing/electrical updates, smart sensors). Re-quote or re-rate after any major improvement and ask the insurer to confirm which discounts are active on the declarations page—this is the fastest way to make sure your premium reflects your home’s current condition.

First-time buyer perks. New homeowners often get entry-level discounts. Combine these with bundling and safety device credits to maximize savings.

Comparing quotes can also help you balance key coverages—dwelling, personal property, loss of use, and liability—while keeping costs low. For broader insights, see our overview of coverage pros & cons.

Insider tip: Discounts aren’t always “automatic.” Many carriers treat them like checkboxes that only activate when the system sees the right proof or setting. Ask your agent to list which credits are active now vs. available with documentation (good-student transcript, defensive-driving certificate, monitored alarm paperwork, etc.). Then do one quick test: re-run the quote after changing a single variable—like a higher deductible or adding renters/home—to see whether the premium actually moves. If the price doesn’t change, the discount may not be applied yet (or it may be capped in your state). To sanity-check pricing quickly, start with Mercury quotes by ZIP.

Common Questions About Mercury Insurance Discounts

Discounts can look different depending on your state, driving profile, and how your policy is set up. Use the questions below to spot the most common savings opportunities—and remember to ask which credits can be stacked together, what documentation is required, and whether the discount applies immediately or only at renewal.

What discounts are available for new homeowners?

Typical savings include multi-policy bundles, protective-device credits, and discounts for safer homes and locations.

How do I qualify?

Install safety devices, keep a strong insurance profile, provide proof of purchase when asked, and bundle policies where possible.

Is bundling worth it?

Yes—bundling often cuts both auto and home costs while simplifying renewals and billing.

How do I find the best rate?

Compare quotes, adjust deductibles and limits, and confirm all eligible discounts are applied.