Affordable Home Insurance -- Sure-Fire Tips

Anyone who implements time-tested advice will easily get cheaper rates without sacrificing sufficient coverage Nevertheless, if you get the wrong tips, although you may still make huge savings, you will do so by compromising the quality of coverage you get. Here are some proven ways to get cheaper rates without putting yourself at risk...

1. Install special fire and security gadgets that alert fire stations, police stations or other monitoring centers. Apart from the peace of mind you will have in knowing your house is under constant surveillance by committed professionals, you will get cheaper home insurance rates. This can lower your rate by more than 25% depending on your insurer.

Insurance Quotes

2. Using the same insurance carrier for several policies will attract a discount. This qualifies you for a multi-policy discount. However, you might save more by getting your policies from various insurance companies.

I'll explain further...

Let's make believe that you have 4 policies: Life, health, auto and home. Maintaining this number of policies with any insurer is sure to get you a considerable discount. However, we will consider it from a rather global view to see another option...

To explain this we'll assume your profile receives the following rates with different companies...


Insurer A

Life insurance: $2,590

Health insurance: $2,200

Auto insurance: $3,500

Home: $2,100


Insurer B

Life insurance: $3,100

Health insurance: $2,400

Auto insurance: $2,500

Home insurance: $2,400


Insure C

Life insurance: $2,900

Health insurance: $1,900

Auto insurance: $2,800

Home insurance: $2,700


Insurer D

Life insurance: $2,100

Health insurance: $2,300

Auto insurance: $2,750

Home insurance: $2,600


Take for instance that these rates were offered to you, your sum for the four policies would be $10,390 if you bought all policies from insurer A. With a multi-policy discount of 10% what you will pay will drop to $9,351. Savings of this order can be called reasonable.

Nevertheless, the wisdom or otherwise of this decision becomes evident when you compare it with what would have been saved if you bought from the carrier that had the most affordable rate per policy...

The following are the lowest quotes from different insurers for the different policies: $2,1000 from Insurer A; $2,500 from Insurer B; $1,900 from Insurer C and $2,100 from Insurer C. This will cut down your total insurance costs to $8,600.

By proper shopping and settling for the best prices from various carriers, you'd have paid $751 less than a person of the same profile who bought from the first company with a 10% multi-policy discount.

Although this is the situation in many cases, it is not definite. This implies that you can only be sure by doing thorough comparison shopping. And a good way to find out is to get and compare quotes from up to five insurance quotes sites. You're less likely to miss any great offer if you get and evaluate quotes from not less than 5 insurance quotes sites.

3. You're eligible for a loyalty discount if you've stayed with an insurer for up to 3 years. But notwithstanding the fact that you'll qualify for a loyalty discount if you continue with one insurer for three years and more, don't make this decision just because of that.

Believe it or not, you can almost always find an insurer that gives a far lower rate than what you're currently paying. The secret is doing thorough shopping. I suggest that you obtain quotes from insurers you've never received quotes from time to time.

Insurance Quotes

4. You'll likely reduce your rate if you spend time to check your homeowners insurance policy at least once yearly or whenever things change in your house. The market price of a diamond ring might have changed by a huge margin and therefore need that you review your coverage.

You will save and still have sufficient coverage by reducing your home insurance coverage by the right margin if it has dropped in value. But be informed that the contrary could also be the case where you'd have to purchase more coverage because it has increased in its worth. Whichever way it goes, you are covered in either savings or ensuring enough coverage.

Get Cheap Home Insurance Quotes And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!