48 Home Insurance Savings Tips -- Guaranteed Steps To Very Cheap Homeowners Insurance Rates

Tuesday, April 28, 2009

Steps To Cheap Colorado Springs Homeowner insurance Rate

By Chimezirim Odimba

It's easy to find very cheap quotes and pay much less for adequate coverage if you discover what to do. I'll reveal several you have to do if you want huge savings that won't put you and yours at risk...

1. You'll pay lower Colorado Springs home insurance rates if you choose to pay your premiums annually and not monthly. A major reason for this is the cost an insurer incurs for sending you twelve bills instead of just one yearlly.

As if that was NOT enough expense, each check you send attracts its own transaction charge as well. They pay transaction charges twelve times instead of once yearly for monthly premiums. And, believe it or not, these extra costs are eventually built into your Colorado Springs home owners insurance rates.

Therefore choose yearly payments instead if you want to save through this means. You could save up to a month's premium within a year.

2. You'll also get a discount if you have motion-sensitive lighting on your property. Burglars will keep off from places where their activities will be easily spotted. And motion-sensitive lighting does this exactly. Your Colorado Springs homeowners insurance rate will be lower once you've reduced your home's risk of burglary with such lighting.

3. Your building material can save you a a lot in premiums. Frame houses are more resistant to earthquakes while brick houses are more resistant to high winds. So having a frame home in the East will definitely cost you a lot more in home insurance. On the other hand, people who reside in the West will get more affordable premiums if they own a frame house because of the earthquakes there. You'll get a discount of a minimum of 5% if you use the preferred material for your house.

4. You'll get reasonable discounts if you install a sprinkler system. This is so because a sprinkler system helps in suppressing fires. Ask your agent the discount you'll get for doing this before you try to install yours because they are quite expensive.

5. It's more expensive and very unnecessary to insure the land on which your house is standing. People do this without knowing. You have made same mistake if you insured your home for the price you purchased it without checking the cost of the land it's standing on and subtracting it.

For those who have mistakenly done this, call your agent and go through your home insurance coverage again. Reduce your coverage to the cost of your home and its contents minus the land's value.

This means you will get a more affordable home owners insurance rate. No matter what you do and who you meet, remember that the only things you insure are things that can be stolen or destroyed and your land is not one of such.

6. You will save a lot if you do shop around and do thorough comparison. The the difference in quotes received for a request could be as wide as $1,000 for a given profile. Although this is a good thing, it's important that you don't get carried away. It's not usually that easy if you want the best price to value ratio. The lowest quote may not offer you the best price/value. Notwithstanding that each of the quotes offered will certainly give you the same main coverage, there could be a lot of differences in the details of coverage. This makes it crucial that you find out if there aren't any exclusions you won't like. Don't forget to treat these no-obligation quotes just that way. Don't feel obliged to pay unless you've had all your questions answered to your satisfaction. You will prevent rude surprises later if you do this.

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