Home owners' Insurance -- Learn How To Pay Less

It is NOT difficult to find very cheap quotes and pay a lot less for sufficient coverage if you know the steps to take. This article will teach you steps you can take if you want to affordable home owner insurance rates without downgrading the level of coverage you get...

1. Electing to pay your premiums on a monthly basis results in higher premiums than you would spend if you decide to pay annually. An insurance carrier sends 12 notices for monthly payments as opposed to one for yearly payments. This increases their overhead.

Furthermore, each check you send attracts its own transaction charge too. 12 checks mean 12 transactions which incur 12 separate transaction charges. And as with every other thing, it is you the customer or policy holder who will be responsible for that cost.

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

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2. You'll also enjoy a discount if you have motion-sensitive lighting on your property. Your house becomes a no-go area for thieves as they'll be spotted easily. Your homeowner insurance rate will be lower once you've lowered your home's risk of burglary through this kind of lighting.

3. Your building material can save you a a lot in home insurance. For instance, brick homes are best in areas with high winds while frame houses are better in earthquake regions. As a result, having a frame home in the East will surely cost you a lot more in home insurance. But if you reside in the West, a frame home will save you considerably. You'll save not less than 5% if you use the recommended material for your home.

4. If you install a sprinkler you will get a discount. They make your home less vulnerable to fire damage and thus makes your home a better risk. Being a better risk means you get more affordable premiums. Although they are by no means affordable, they will bring you good discounts.

5. It is more expensive and very unnecessary to insure the land on which your house is standing. People who ignorantly do this are paying a lot more than would do them any good. 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.

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If you made such a mistake, you need to review your home insurance coverage and check it again with your agent. Lower your coverage to the cost of your house and its contents minus the cost of the land.

Your premium will be more affordable and you'll still have enough coverage if you do this right. Always remember that insuring the land your house is standing on is real waste of money since it does give you any added advantage.

6. You can realize savings of hundreds of dollars on your home insurance policy by obtaining insurance quotes from quote sites. The best way is to visit not less than five quotes sites and making sure that you input the same (correct) information about yourself. I recommend that you visit at least five quotes sites because that will make it less likely that you'll miss out offers not presented by the other sites. This offers you a broader basis for doing more extensive comparisons thereby increasing your chances of realizing more savings.

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