Homeowner Insurance -- Find Out Ways To Get Discounts

Those who understand the right steps to take don't have any problems attracting the most affordable rates without downgrading the quality of coverage they get. Read through this article if you would like to be part of this elite group who are paying a lot less while enjoying sufficient coverage...

1. You'll pay cheaper premiums if you choose to pay your premiums annually and not every month. A major reason for this is the cost an insurer incurs for posting you 12 bills instead of just one each year.

The cost increases if you include the fact that they pay transaction fees for processing each check you give them monthly as payment. They pay transaction fees twelve times instead of once a year for monthly premiums. And, if you really come to think of it, these additional overheads are ultimately built into your rates.

You will make considerable savings if you start paying annually. What you'll save could be as high as 8.5% of your total monthly payments over the course of just a year.

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2. Motion-sensitive lighting lowers your home's risk of burglary and, as a result, helps you get cheaper home insurance rates. Burglars will keep off from places where their movement will be easily noticed. And motion-sensitive lighting does this exactly. Because thieves avoid houses with such lighting, you reduce your home's risk of burglary and, by extension, your premiums.

3. You'll enjoy lower homeowner insurance rates if your house is built with the right materials. Frame homes are more resistant to earthquakes while brick homes are more resistant to high winds. As a result, buying a frame home in the East will definitely cost you much more in home insurance. For those who stay in the West, they'll pay more if they have a brick home. Buying a home built with the right material for your area will save you at least 5%.

4. Installing a sprinkler will make you eligible for big discounts. They make a home less vulnerable to fire damage and therefore makes your home a better risk. This means you attract more affordable homeowners' insurance rates. It is quite costly so you will do well to ask your agent what you'll save if you have this installed. You can pay back over several years thus reducing the difficulty in spending the amount involved in such a project.

5. Make sure you don't forget to subtract the land's worth from the home's cost as you apply for a policy. A good number of folks spend much more than they should due to this mistake. Insuring your home for the full price you bought it without subtracting the value of the land it stands on is a big mistake.

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For folks who have ignorantly done this, call your agent and check your home insurance coverage again. Subtract the value of your land and use only the cost of your home and its contents.

This implies that you will pay far less on home insurance. Bear it in mind that insuring the land your house is standing on is plain waste of money since it does give you any added advantage.

6. Visit at least five quotes sites. Using not less than five quotes sites raise the chances that you'd get better home insurance quotes. This is because insurers not represented by one site would be covered by another. And, you know that because the likelihood of receiving lower home insurance quotes is tied to the number of quotes you receive, the more companies you receive quotes from, the higher your chances will be. Obtaining your home insurance quotes online will help you save much more if you invest just 25 minutes to get quotes from not less than five insurance quotes sites.

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