Home Owner Insurance -- Four Sure-Fire Tips For Big Discounts

It is really very easy for you to get adequate homeowners insurance coverage for a lot less. You only need the right tips and the discipline to practice what you'll be taught to start enjoying a better rate. Let's look at a number of sure-fire ways to get better rates...

1. It's more expensive and very unnecessary to insure the land on which your home is built. A good number of folks pay much more than they should on home owner insurance on account of this mistake. They just insure their house for its full value without deducting the cost of the land.

If you did such ignorantly, you need to review your home insurance coverage and check it again with your agent. Subtract the price of the land and you will discover that you'll need far less coverage.

Your rate will be cheaper and you'll still have sufficient coverage if you do this right. Bearing in mind that insurance is for valuables that can be lost or damaged, insuring the land which can neither get lost or damaged isn't right.

2. The amount you pay is partly determined by your credit history. You'll pay higher home owner insurance premiums if you have a low credit rating. A bad credit rating means that you've not been paying your bills in a timely fashion. An insurance company interprets this to mean that you're not financially very responsible and will possibly default in paying your rates. If you're seen as a potential defaulter, it makes you a higher risk and attracts much higher premiums than otherwise.

So do all within your power to clear all your bills in a timely manner. You'll attract cheaper premiums if you do.

3. Electing to pay your rates monthly leads to higher premiums than you'd pay if you choose to pay yearly. Your insurance carrier is compelled to send you 12 notices for monthly payments as against one for yearly payments. This increases their overhead.

As if that was NOT enough expense, each check you send attracts a transaction charge as well. twelve checks are 12 transactions which incur 12 different transaction charges. And, believe it or not, these additional overheads are ultimately added to your rates.

Therefore, you will attract lower premiums if you opt to pay your rates yearly. What you'll save could be as much as 8.5% of your total monthly premiumss over the course of just one year.

4. Make out some time to visit at least 5 insurance quotes sites that return quotes on homeowners insurance policies. Doing this will take you not more than 25 minutes. As you visit each site, ensure you input the same details. Doing otherwise will produce misleading results. When you've obtained your homeowners' insurance quotes, compare them to see which serves your interest best in price/value.

Get Cheap Home Insurance Quotes And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!