Cheap Homeowner Insurance -- Proven Tips

With the right recommendations you'll get more affordable rates for sufficient coverage. It's as well important that I point out that there are recommendations that might put you at risk even if they save you at the moment. Here are some time-tested ways to pay far less without putting yourself at risk...

1. Have special fire and security systems that alert fire stations, police stations or other monitoring centers. Not only will you enjoy a big discount, you will also feel safer once you remember that your house is always monitored. Even though the discount this will get you will vary from one insurer to another, you can expect to reduce your home insurance premium by as high as 25%.

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2. You will save if you get all your policies from the same insurance company. Insurance companies give discounts to insureds who buy several policies from them. Nevertheless, you might be better served by getting your policies from various carriers.

I'll explain this well...

Let's make believe that you have 4 policies: Life, health, auto and home. You will receive a multi-policy discount if you make purchase of all four policies, or at least two of them, from the same company. Huge as the discount may be, you may still not get as much as some smart folks who choose to forfeit this discount due to a little twist...

To explain this we will assume your profile receives 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. With a multi-policy discount of 10% your costs will drop to $9,351. Savings of this order can be referred to as big.

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 price per policy...

The following are the best quotes from different carriers 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. With this option, your total is reduced to just $8,600.

This is $751 lower than what you will receive if you settle for a multi-policy discount.

So take your time to discover which pays you better. Take your time to obtain and compare as many home insurance quotes from as many quotes sites as possible. You're less likely to miss cheaper rates if you obtain and evaluate quotes from not less than five insurance quotes sites.

3. You should obtain a good discount if you have remained with an insurance provider for 3 years or more. Nevertheless, I don't expect that you stay with an insurer for that long simply because you're waiting to qualify for a loyalty discount.

I can almost stick my neck out that you can enjoy rates that are considerably less than what you're paying now. That is, if you know how to shop correctly. Look for insurers that you've never received quotes from and obtain and compare quotes from them.

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4. Bearing in mind that nothing stays unchanged, it's a smart idea to go over your home insurance policy from periodically to ensure you neither pay more than you should nor have inadequate coverage. That rare fur coat might no longer be worth as much as when you got it.

You'll save and still have adequate coverage by reducing your home insurance coverage accordingly if it has dropped in its worth. However, a review could reveal it's now a lot more valuable and that you need to buy more coverage.

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