Affordable Home Owners Insurance -- Guaranteed Tips

With the right tips you'll get cheaper rates for sufficient coverage. But also bear in mind that you could make savings if you use the wrong tips. The only difference is that you'd put yourself at risk. I will, however, only make recommendations that will save you much while you still keep enjoying sufficient coverage...

1. Installing advanced security and fire systems that are monitored 24/7 is a good move. Apart from the peace of mind you will have in knowing your house is watched regularly by competent professionals, you will get lower home insurance premiums. Although the discount this will attract will differ from one insurer to another, you can expect to bring down your home insurance rate by as much as 25%.

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2. You will save if you buy all your policies from the same insurer. This is called a multi-policy discount and is available with all insurers. But you could make more savings with different insurance carriers than you'll get from a multi-policy discount.

I'll take this further...

We'll make believe that you have 4 policies: Life, health, auto and home. You will receive a multi-policy discount if you buy all four policies, or a minimum of two of them, from the same company. Remarkable as the discount may be, you may still not save as much as someone who elects to forgo this discount due to their superior knowledge...

To explain this we'll assume your profile gets the following premiums 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


From the list above the total for the 4 policies with Insurer A is $10,390. If they offer a multi-policy discount of 10% you'll spend a total of $9351. Savings of this order can be called reasonable.

But let us see what you will get if you pick insurer that offers the best premium for each policy...

Insurer A gives the best quote for home insurance at $2,100; Insurer B gives the best auto rate at $2,500; Insurer C gives the best in health at $1,900 and Insurer D offers the best rate for life at $2,100. This gives a sum of $8,600 even though you weren't given any multi-policy discount.

This is $751 lower than what you'll receive if you opt for a multi-policy discount.

Although this is true in many cases, it's not definite. This implies that you can only know for sure by doing thorough shopping and comparison. And a good way to find out is to get and compare quotes from up to 5 insurance quotes sites. The wider the range of quotes you receive, the more you'll save because you will be able to see the lowest quotes available for your profile.

3. You should get a good discount if you've remained with your insurer for three years or more. However, I don't expect that you stick with an insurer for that long simply because you're waiting to qualify for a loyalty discount.

Believe it or not, you will likely get an insurance carrier that gives a far lower rate than what you are presently paying. That's, if you understand how to shop properly. Make a list of companies that you've never got quotes from and get and compare quotes from them.

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4. There's the possibility that you could pay less for home insurance if you spend time to check your policy either whenever there is a considerable change in your house or just routinely once of twice yearly. That rare artwork might no longer be worth as much as when you bought it.

You'll save and still have sufficient coverage by lowering your home insurance coverage by the right margin if it has dropped in its worth. However, a review might reveal it's now worth a lot more and that you ought to buy more coverage.

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