Homeowners Insurance -- 7 Proven Tips

You can enjoy high value coverage without breaking the bank. All you need to achieve this end are little bits of information (Put into good use). We'll now take a look at several time-tested ways to get more for a lot less...

1. Do not insure your home along with the land it is built on as this will cost you more but quite unnecessary. Some people pay much more than they should on home insurance due to this mistake. Insuring your home for the purchased price without deducting the land's cost is an expensive error.

If you made such a mistake, you'll have to review your home insurance coverage and go through it again with your agent. Subtract the cost of your land and buy coverage only for your home and its contents.

With such a review you will reduce your premiums considerably and still leave with adequate home insurance coverage. Bear it in mind that insuring the land your house is built on is real waste of money since it does NOT give you any added advantage.

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2. Your rate is influenced by your credit rating. The poorer your credit rating, the higher the rates you get. What your credit rating reveals is how you have handled your bills and it speaks negatively about you if it's a poor one. This is a behavior that most insurance carriers believe will play out again in the way you pay up your premiums. This makes you a bigger risk and so justifies a higher rate.

Therefore, it will do you much good to pay all your bills once they are due. You will attract lower premiums if you do.

3. Yearly premium payments will save you much when compared to monthly payments. A major reason for this is the cost an insurer incurs by posting you 12 bills instead of just one each year.

If you add to the fact that each check you make out is considered a transaction by their bankers, you will see that they still spend extra on transaction charges for each check you pay in. 12 checks mean 12 transactions and will attract 12 separate charges.. And as with every other thing, it is you the client or policy holder who bears that cost.

Therefore choose yearly payments instead if you want to make savings through this means. The real amount you could save may differ but you may be able to save up to a month's premium worth with most insurers if you choose this option.

4. A fire-safe home exterior will help reduce your rates. Having things that are very inflammable or that aid combustion close to your dwelling will make you pay higher rates. As simple as it looks, cutting back bushes and maintaining them up to ten feet from your structures will help reduce your rates. Fire-safety is a strong point that determines how much or little you pay in premiums.

5. Motion-sensitive lighting lowers your home's risk of burglary and, as a result, helps you get cheaper home insurance rates. Burglars will avoid any place where their activities will be easily noticed. And motion-sensitive lighting does this precisely. Since thieves avoid houses with such lighting, you lower your home's risk of burglary and, by extension, your rates.

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6. Fixing dead-bolt locks on all exterior door will reduce your home insurance premium. This makes it difficult for intruders or burglars to have their way. And since a home's risk of burglary is a major factor in calculating your home insurance rates, you will spend far less.

7. Fitting window locks on each of your windows will help reduce your home's risk of burglary. You will save even much more if you go one step more to get burglary-proof bars fitted on all of them. Even though most folks do not like this because it makes them feel like a prisoner in their own house, it really does lower your premium considerably. Therefore, if you are okay with having burglary-proof bars in your house, have them built in and you will pay a lot less in your home insurance rate.
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