Cheap Homeowners' Insurance -- Slash Your Costs Without Putting Yourself At Risk

If you must enjoy big discounts on your home owner insurance policy, then you must NOT forget certain things. Following are some of such things...

1. You will pay cheaper premiums if you obtain group home insurance. Some associations have also arranged discounts for their members with home insurers so find out if yours has such.

However, before you apply this option, compare the rates you will get from such an association with what you will pay with another insurance company. This is because you might end up finding an insurance company that is willing to take less than you'll even receive with an group discount. Therefore, it actually does pay to do extensive comparison shopping if you are after the best premiums.

Insurance Quotes

2. You can get more affordable rates if you are retired. Since not every insurer offers this discount, find out from your agent before you put pen to paper.

Insurers who give this discount know that burglars hardly ever go to houses where they know someone is always around. In addition, Fires will be quickly spotted and put off if somebody is always around.

3. You're eligible for a loyalty discount if you've stayed with an insurance provider for up to three years. However, don't stay put with an insurer just for this reason. Make sure you're getting a good price to value.

I can almost stick my neck out that you can get rates that are a lot less than what you're paying presently. That's, if you understand how to shop properly. Make a list of companies that you've never received quotes from and get and compare quotes from them.

4. Ensure you do NOT make the mistake of not subtracting the land's cost from your home's cost as you apply for an home owner insurance policy. People do this without knowing. They just insure their home for its complete value without removing the cost of the land.

If you did this quickly call your agent and review your homeowner insurance policy. Lower your coverage to the cost of your house and its contents minus the cost of the land.

With such a review you will reduce your premiums by a huge margin and still have sufficient home insurance coverage. Don't ever forget that insuring the land your house is standing on is real waste of money since it does you no good whatsoever.

5. Making your premium payments once every year will save you a lot when compared to monthly payments. An insurance carrier is compelled to send you 12 notices for monthly payments as against one for annual payments. This costs them more.

The cost shoots up if you add the fact that they pay transaction fees for processing each check you send them monthly. twelve checks mean 12 transactions which incur 12 separate transaction charges. And as with every other thing, it's you the customer or insured who will be responsible for that cost.

So, you will attract cheaper premiums if you decide to pay your rates yearly. The actual amount you could save might differ but expect to save up to a month's premium worth with most insurance companies if you settle for this option.

Insurance Quote

6. You'll spend more or less depending on your credit rating. The lower your credit rating, the higher the premiums you will pay. If your credit rating is poor then you've NOT been faithful in paying up your bills. An insurance company takes this to mean that you are not financially very responsible and will possibly default in paying your premiums. This makes you a higher risk to them and you, therefore, are made to pay higher than some other person with similar profile that has an excellent rating.

It will, therefore, be a smart step to do something about improving your credit rating. It makes it easier for you to attract lower rates among other things.

7. You can save much by visiting at least five home owners insurance quotes sites. That way, you will get the lowest quotes available as five sites will present not less than 25 quotes altogether.
Get Cheap Home Insurance Quotes And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!