Homeowners Insurance -- 4 Smart Ways To Attract Discounts

Contrary to what you might be made to believe, it is quite easy to get a lower home insurance rate. You just need the right tips and the resolve to practice what you'll be taught to get a better rate. 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 standing on as this is more expensive but is needless. People who ignorantly do this are paying a lot more than would do them any good. You've made same mistake if you insured your house for the price you purchased it without checking the cost of the land it's standing on and subtracting it.

If you made this mistake quickly call your agent and re-evaluate your home owner insurance policy. Deduct the cost of your land and use only the cost of your structures and its contents.

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

2. The amount you pay is affected by your credit history. You'll pay higher homeowners' insurance premiums if you have a low credit rating. If your credit rating is bad then you've been missing important payments. This is a behavior that most insurers believe will be exhibited in the way you handle your premiums. If you're seen as a likely defaulter, it makes you a higher risk and attracts much higher rates than otherwise.

It will, therefore, be a smart step to do something about improving your credit rating. You will draw cheaper rates if you do.

3. Making your premium payments once every year will save you much when compared to monthly payments. This is because sending you twelve bills by mail monthly costs your insurer much.

If you add to the fact that each check you make out is considered a transaction by their bankers, you'll see that they still spend some more on transaction charges for each check you pay in. 12 checks mean 12 transactions which attract 12 different transaction charges. And as with every other thing, it is you the client or insured who bears that cost.

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

4. As you take other steps to bring down your home rates, here's what to do to start enjoying lower rates today. Visit reputable insurance quotes sites and get quotes. Visit at least five of such sites for the best results. It's free, quick and easy. Please make certain you give your correct details as you complete the questionnaires on each site. The last step is to just pick the insurance company that gives you the best price/value from the quotes you've obtained.

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