Home Insurance -- 7 Proven Tips

Everyone can get high quality coverage without breaking the bank. All you need to achieve this feat are little bits of information (that you'd have to implement, though). We'll now take a look at a number of time-tested ways to get better rates...

1. It is more expensive but needless to insure the land on which your house is built. Those who ignorantly do this are paying a lot more than would be of any benefit. You have made the same mistake if you insured your house for the cost you bought it without finding out the cost of the land it is built on and subtracting it.

If you made this mistake quickly call your agent and review your coverage. Deduct the value of your land and buy coverage only for your house and its contents.

This implies that you will pay far less on home insurance. Because insurance is for valuables that you can't afford to lose, insuring the land which can neither get lost or damaged isn't a smart move.

Insurance Quotes

2. You'll pay more or less depending on your credit history. You'll pay higher home insurance premiums if you have a low credit rating. If your credit rating is poor then you've NOT been faithful in paying up your bills. An insurer takes this to mean that you are financially irresponsible and will possibly default in paying your premiums. This makes you a higher risk to them and you, therefore, are made to spend higher than some other person with the same profile that has a very good rating.

Therefore, it is a wise decision to pay all your bills once they are due. You'll get lower premiums if you do.

3. Choosing to pay your premiums monthly results in higher rates than you'd pay if you decide to pay annually. Your insurer sends 12 notices for monthly payments instead of one for annual payments. This increases their overhead.

If you add to the fact that each check you cut is seen as a transaction by their bankers, you'll see that they still spend extra on transaction charges for each check you pay in. They pay transaction charges twelve times instead of once annually for monthly premiums. These and other costs so incurred by your insurer are eventually borne by you, the insured..

You will get reasonable savings if you begin to pay annually. The actual amount you could save might differ but you may be able to save up to a month's premium worth with most insurance companies if you settle for this option.

4. Ensure that the exterior of your home is fire-safe and your premium will be lower. Having things that are highly inflammable or that help combustion close to your building will make you pay more expensive rates. Although cutting bushes around your home looks mundane, you will get cheaper rates if you do maintain them at a distance of at least ten feet from your building. The likelihood of fire in a house is one very strong factor that shapes your home insurance rate.

5. You will get cheaper rates if you've got motion-sensitive lighting for your home's exterior. Your home becomes a no-go area for thieves as they'll be noticed easily. The risk of burglary is a strong factor in determining a home's risk to an insurer and, consequently, your rate.

Insurance Quote

6. Dead-bolt locks on all your exterior doors will help you attract a more affordable rate. They will make it harder for burglars to break into your home. And as you know, the lower the risk of burglary in a home, the cheaper rates it will draw.

7. Do you have locks on all your windows? If you don't you will be spending more because of that. You can take this to another level by fixing burglary-proof bars on them all. If you are NOT against this quickly fix them in your home and get more affordable rates.
Get Cheap Home Insurance Quotes And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!