Home owners Insurance Rate -- Find Out How To Get Discounts

It's easy to get very low quotes and pay far less for sufficient coverage once you understand the steps to take. This article will show you things you can do if you want to pay less without reducing the quality of coverage you get...

1. Choosing to pay your rates on a monthly basis leads to more expensive rates than you would spend if you choose to pay yearly. A major reason for this is the cost an insurance company incurs for posting you twelve bills instead of just one anually.

If you include the fact that each check you cut is seen as a transaction by their bankers, you'll see that they still pay some more on transaction charges for each check you pay in. 12 checks are 12 transactions which incur 12 separate transaction charges. And, if you really come to think of it, these additional overheads are ultimately built into your rates.

You will get reasonable savings if you start paying annually. The actual amount you could save may 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.

2. Motion-sensitive lighting lowers your home's risk of burglary and, therefore, makes it easier for you to get lower home insurance premiums. Burglars will avoid any place where their movement will be easily spotted. And motion-sensitive lighting does this exactly. Your homeowner insurance rate will be reduced once you've reduced your home's risk of burglary with this kind of lighting.

3. The material you use in building your house goes a long way in affecting your home insurance premium. For example, brick homes are best in locations with high winds while frame buildings are preferred in earthquake regions. Therefore, if you reside in the East, you'll get lower rates if you buy a brick home. But if you reside in the West, a frame home will save you a lot more. Building with the right material for your state will save you a minimum of 5%.

4. If you install a sprinkler you will get a discount. They make your home better protected against fire damage and therefore makes your home a better risk. Being a better risk means you attract more affordable premiums. It's quite costly so you will do yourself a lot good to ask your agent what you will save if you have this installed. You can pay back over several years thus lowering the difficulty in paying the amount involved in such a project.

5. Ensure you don't fail to subtract the land's cost from the home's cost while applying for a policy. People do this ignorantly. Insuring your home for the full price you bought it without subtracting the value of the land it stands on is a big mistake.

For those who've mistakenly done this, call your agent and check your home insurance coverage again. Subtract the price of the land and you will discover that you will need far less coverage.

With such a review you will lower your premiums by a huge margin and still have adequate home insurance coverage. Bearing in mind that insurance is for things that can't afford to lose, insuring the land which can neither be lost or damaged isn't a smart move.

6. You will save much if you only have between 25-30 minutes. Visit, obtain and compare home insurance quotes from several quotes sites. The cheapest offer should be what you go for easily. However, you have to go beyond just the lowest quote to the best price to value ratio. The cheapest may not offer the best price/value for you as an individual.

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