Everyone can enjoy high quality Washington homeowner insurance coverage without breaking the bank. You just need the right information and the discipline to practice what you'll learn to get a better rate. Below are a number of tips that will help you reach this goal...
1. Make sure you don't make the mistake of not subtracting the land's value from your home's value as you apply for a Washington homeowner insurance policy. Some people pay much more than they should on Washington home insurance due to this mistake. Insuring your home for the full price you bought it without deducting the the land's cost is an expensive error.
If you did such ignorantly, you need to re-evaluate your Washington homeowners insurance coverage and check it again with your agent. Lower your coverage to the cost of your home and its contents minus the land's cost.
This implies that you'll spend a lot less on home insurance. Since insurance is for valuables that can be lost or damaged, insuring the land which can neither be lost or damaged isn't right.
2. What you pay as premium is influenced by your credit history. The poorer your credit rating, the higher the rates you attract. What your credit rating shows is how you have handled your bills and it speaks negatively about you if it's a poor one. No insurer likes this as it shows a pattern you are very likely to repeat in the payment of premiums. If you're seen as a likely defaulter, it makes you a higher risk and attracts more expensive rates than otherwise.
So do your utmost to pay all your bills in a promptly. You'll attract cheaper premiums if you do.
3. You will pay more affordable rates if you choose to pay your premiums anually and not monthly. An insurance carrier is compelled to send you 12 notices for monthly payments as against one for yearly payments. This costs them more.
The cost shoots up if you add the fact that they pay transaction fees for processing each check you give them monthly as payment. Twelve checks mean 12 transactions and will attract Twelve separate charges.. These and other costs so incurred by your insurance company are ultimately borne by you, the insured..
Therefore, you will get cheaper rates if you choose to pay your rates anually. The real amount you could save might differ but you may be able to save up to a month's premium worth with some insurers if you settle for this option.
4. You can get lower quotes on Washington home insurance now by visiting a minimum of five insurance quotes sites. Each site will take you around 5 minutes or less to receive quotes. (Some folks present details that are not quite true about themselves. That isn't smart as the quotes you'll get this way will NOT be of any use to you).
You'll have to pick the best Washington homeowners insurance quote for you from the list of quotes returned. It's as simple as that. But you could easily save hundreds of dollars.
Here are my favorite quotes sites (highly recommended)...
Get Affordable Home Insurance Quotes
Home Insurance Quotes In Minutes
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