Homeowners Insurance -- Find Out Ways To Pay Less

People who understand the right steps to take don't have any problems enjoying the lowest rates without compromise to the quality of coverage they get. This write-up will teach you things you can do if you want to attract cheap home owner insurance rates without downgrading the level of coverage you enjoy...

1. Choosing to pay your rates 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 against one for yearly payments. This costs them more.

The cost increases if you include the fact that they pay transaction charges for processing each check you send them monthly. Twelve checks mean Twelve transactions and will draw 12 separate fees.. And as with every other thing, it is you the customer or policy holder who will be responsible for that cost.

You will make considerable savings if you begin to pay annually. What you will save could be as much as 8.5% of your total monthly payments over the course of just a year.

2. Motion-sensitive lighting lowers your home's risk of burglary and, as a result, makes it easier for you to get cheaper home insurance rates. Your home becomes less attractive to thieves as they'll be noticed easily. Since thieves avoid houses with such lighting, you lower your home's risk of burglary and, by extension, your homeowners insurance rates.

3. You'll get cheaper home owner insurance rates if your house is built with the right materials. Buy a frame house for more resistance to earthquakes or buy a brick home for better resistance to high winds. So having a frame home in the East will surely cost you a lot more in home insurance. But if you live in the West, a frame building will save you considerably. Buying a home built with the proper material for your area will save you at least 5%.

4. If you get a sprinkler you'll be eligible for a discount. Sprinklers are very useful in putting off fires and by extension reduces fire damage. Ask your agent what you will save by doing this before you try to install yours since they are quite expensive.

5. Ensure you don't fail to subtract the land's worth from your home's value while applying for a policy. People do this ignorantly. They just insure their home for its complete value without removing the cost of the land.

If you did such ignorantly, you need to re-evaluate your home insurance coverage and check it again with your agent. Deduct the value of your land and buy coverage only for your house and its contents.

Your premium will be cheaper and you'll still have adequate 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 lost or destroyed and your land is not one of such.

6. You can lower your home insurance premium by asking for and comparing quotes from at least five reputable quotes sites.

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