Affordable Homeowners' Insurance -- Getting The Best For Less

If you must get big discounts on your homeowners insurance policy, then you must NOT miss certain things. Here are a few of such things...

1. Get a group home insurance policy if within your reach because you'll attract a cheaper rate with it. Some associations have also arranged discounts for their members with home insurance carriers so find out if yours has such.

But before you purchase see if you can get a cheaper home owners insurance rate with another company than that offered your association. This is because you may end up finding an insurance company that is willing to take less than you will even get with an association's discount. So it actually does pay to do extensive comparison shopping if you are after the best premiums.

Insurance Quote

2. You can enjoy more affordable rates if you're retired. But take note that not all insurers offer this discount.

The rationale for this discount is the fact that having someone almost always at home makes a home a better risk. The risk of fire destruction is also reduced with folks who're always at home since they will likely spot them quickly.

3. You're eligible for a loyalty discount if you've stayed with an insurance provider for up to three years. Most insurers will give discounts once you keep your policy with them for three years and above. Nevertheless, do NOT stay put with an insurer only for this reason. Ensure you're getting a good price to value.

Believe it or not, you will likely get an insurer that gives a far cheaper rate than what you're currently paying. The secret is doing very extensive shopping. Look for insurance carriers that you've never obtained quotes from and obtain and compare quotes from them.

4. Don't insure your house along with the land it is built on as this is more expensive but is quite unnecessary. People do this without knowing. They just insure their home for its full value without removing the land's cost.

If you did this quickly call your agent and re-evaluate your coverage. Subtract the land's value and you'll realize that you will need far less coverage.

Doing this will lower your premiums by a huge margin and still leave with enough home insurance coverage. Because insurance is for valuables that can't afford to lose, insuring the land which can neither be lost or damaged isn't right.

5. Yearly premium payments will save you a lot when compared to monthly payments. Your insurer sends 12 notices for monthly payments as against one for annual payments. This increases their overhead.

If you include the fact that each check you send is considered a transaction by their bankers, you'll see that they still spend extra on transaction fees for each check you pay in. 12 checks are 12 transactions which incur 12 separate transaction charges. And, believe it or not, these additional overheads are ultimately built into your rates.

You will make reasonable savings if you start paying yearly. What you'll save could be as much as 8.5% of your total monthly payments over the course of just one year.

Insurance Quote

6. Your credit history has a huge impact on what you pay. The lower your credit rating, the higher the premiums you will pay. If your credit rating is poor then you've been missing important payments. This is a pattern that most insurers believe will be exhibited in the way you handle your premiums. This marks you out as a bigger risk and therefore attracts a higher rate.

So do your best possible to clear all your bills in a timely manner. Apart from the other benefits in doing so, it will help you get cheaper homeowners insurance premiums.

7. You could save some hundreds of dollars by simply obtaining and evaluating quotes from not less than five insurance quotes sites. And, it will require just a total of 25 minutes.
Get Cheap Home Insurance Quotes And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!