Home Owners Insurance -- Seven Proven Tips

Contrary to what you might be made to believe, it's quite easy to attract a lower rate. All you have to do to achieve this goal are little bits of information (that you'd have to put to use, though). Let us now look at several time-tested ways to get more for a lot less...

1. Don't insure your home along with the land it is built on as this is more expensive but very needless. People who ignorantly do this are paying a lot more than would be of any benefit. Insuring your home for the purchased price without subtracting the land's worth is a big mistake.

If you made this mistake quickly call your agent and review your coverage. Deduct the value of your land and use only the cost of your house and its contents.

Your premium will be less and you'll still have sufficient coverage if you do this right. No matter what you do and who you meet, bear it in mind that the only things you insure are things that can be stolen or damaged and your land is not one of such.

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2. Your credit rating has a big impact on what you pay. You will attract higher home insurance rates if you have a poor credit rating. A poor credit rating suggests that you've not been paying your bills in a timely fashion. An insurer interprets this to mean that you are financially irresponsible and will possibly default in paying your premiums. If you are considered a potential defaulter, it makes you a bigger risk and attracts more expensive rates than otherwise.

Therefore, it is a wise decision to clear all your bills once they are due. It will help you get more affordable rates among other things.

3. Yearly premium payments will save you a lot when compared to monthly payments. A strong reason for this is the cost an insurance company incurs by posting you 12 bills instead of just one annually.

As if that was NOT enough expense, each check they get attracts a transaction charge too. twelve checks mean 12 transactions which incur 12 separate transaction charges. And as with every other thing, it is you the end user or insured who bears that cost.

As a result, you will attract cheaper rates if you decide to pay your rates annually. What you'll save could be as high as 8.5% of your total monthly premiums over the course of just a year.

4. Make the exterior of your home fire-safe and you'll bring down your home insurance rate. You'll be doing the right thing if you don't have anything that's inflammable around your home. Although cutting bushes around your house looks simple, you will get lower premiums if you do keep them at a distance of at least 10 feet from your structures. This is because how fire-safe a home is goes a long way in shaping what it will cost to insure that home.

5. You'll get cheaper rates if you have motion-sensitive lighting on your property. Your home becomes less attractive to thieves because they'll be noticed easily. Because thieves keep off from houses with such lighting, you reduce your home's risk of burglary and, consequently, your rates.

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6. Having dead-bolt locks on every exterior door will reduce your home insurance premium. This makes it hard for intruders or burglars to break in. And as you know, the less the risk of burglary in a home, the more affordable rates it will draw.

7. Do you have locks on all your windows? If you don't you will be paying more because of that. Look forward to attract far more affordable rates if you have windows that have burglary-proof bars So, if you are not bothered by having burglary-proof bars in your home, have them fixed and you'll be charged a lot less in your home insurance rate.
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