Affordable Homeowner Insurance -- Proven Tips

You'll easily pay less for the right coverage if you get and use the right advice. It is equally important that I point out that there are tips that might put you at risk even if they save you for now. Here are some time-tested ways to pay far less without opting for inadequate coverage...

1. Get special fire and security systems that alert fire stations, police stations or other monitoring centers. You get a huge discount apart from the fact that you'll feel more secure that your house is being monitored by trusted people. Depending on the insurance provider, this class of systems can help you shave off between 25% and 30%.

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2. Using the same insurer for several policies will attract a discount. Insurers give discounts to insureds who buy several policies from them. But you might make more savings with different insurance carriers than you'll make from a multi-policy discount.

Let me make this easier to understand...

Let's say that you have a total of 4 insurance policies: Life, health, auto and home. You can expect a considerable discount from any insurer with whom you keep this many policies. Nevertheless, we will look at it from a rather global view to see another possibility...

I've made up the following rates just to explain this point...


Insurer A

Life insurance: $2,590

Health insurance: $2,200

Auto insurance: $3,500

Home: $2,100


Insurer B

Life insurance: $3,100

Health insurance: $2,400

Auto insurance: $2,500

Home insurance: $2,400


Insure C

Life insurance: $2,900

Health insurance: $1,900

Auto insurance: $2,800

Home insurance: $2,700


Insurer D

Life insurance: $2,100

Health insurance: $2,300

Auto insurance: $2,750

Home insurance: $2,600


If, for example, you purchase all your policies from insurer A, your total insurance costs would be $10390. However, your total insurance spend will lower to $9351 if you're offered a multi-policy discount of 10 percent. This is quite remarkable considering that you will save over $1,000.

However, how smart this option is becomes clear when you compare it with what would have been saved if you bought from the company that had the most affordable price per policy...

Here are the lowest quotes from various insurance companies for the different policies: $2,1000 from Insurer A;$2,500 from insurer B;$1,900 from insurer C and $2,100 from insurer C. This offers a sum of $8,600 despite the fact you weren't given any multi-policy discount.

By proper shopping and settling for the best quotes from different companies, you would have spent $751 less than a person of the same profile who purchased from the first company with a 10% multi-policy discount.

This may not always be the case for everybody depending on how properly you shopped before buying. But, you will do well to check first. Do your utmost to get and compare quotes from as many quotes sites as possible if you really want to find out what's best in your case. You are less likely to miss cheaper rates if you get and evaluate quotes from at least five insurance quotes sites.

3. You should get a good discount if you've being with an insurance provider for three years and above. However, I do NOT expect that you stay with an insurance company for that long simply because you're looking to qualify for a loyalty discount.

I can almost stick my neck out that you can enjoy rates that are a lot less than what you're paying at the moment. The secret is doing very extensive shopping. Make a list of insurers that you've never obtained quotes from and get and compare quotes from them.

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4. Considering nothing remains unchanged, it's a smart idea to go over your home insurance policy from time to time to be certain you neither have too much nor have insufficient coverage. That special artwork might no longer be worth as much as when you insured it.

Reduce your coverage by the same percentage if it has dropped in value and, consequently, you will save and still have sufficient coverage. But understand that the contrary could also be the case where you would have to buy more coverage because it has risen in value. The good thing, though, is that whichever it is you'll be at an advantage.

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