If you are a homeowner or a soon to be homeowner and are looking for ways to lower your homeowners insurance costs, here are a few tips that might help.
1. Shop Around
It definitely pays to shop around and compare homeowner's insurance prices before you buy. The price you pay for homeowner's insurance can vary by literally hundreds of dollars. So don't settle on the first company that you go to no matter how great they may seem.
It may take a little bit of time and effort to shop around, but in the end it will be well worth it. Check online or the Yellow Pages for insurance companies near you. Go in, sit down and talk to them. Listen to what they have to offer. But, make sure that they know that you are shopping around.
Premium price is not the whole issue. Once you have checked out several insurance companies, pick the company that you feel will be best for you - one that you know will provide you with the best service. Dependable service is a must for insurance providers.
2. Raise Your Deductible
If you do not want to have to pay high premiums every month, you can choose to go with a higher deductible. That means that you will have to pay more out of pocket when you have a claim, however, you save money throughout the year on premium costs. Most companies suggest you have a deductible of around $500. If you can afford to raise that deductible to $1000, you may save as much as 25%.
According to the area you live in, there may be separate deductibles for various kinds of damage. You need to check with your insurance provider regarding that.
3. Improve Home Security
Another way to save on homeowner's insurance costs is to invest in a home security system. This can actually save you as much as 15-20% off of your premium depending on the type of system you have installed.
4. Purchase Auto and Home Insurance From the Same Company
Many insurance providers that sell homeowners insurance will give you a 5 to 15 percent discount if you buy two or more policies from them. It is important to make sure that the discount really is a savings. Make sure that the combined price is lower that if you were to buy it from tow separate companies.
5. Maintain Good Credit
Establishing and maintaining a solid credit history can cut insurance costs. Many insurers rely on credit information to price their homeowner's insurance policies. If you have maintained good credit through the years, this will help in getting a better and lower rate.
Following these simple tips can help you to get a better deal on your homeowners insurance. So do your homework. It will save you money in the end. - 2364
1. Shop Around
It definitely pays to shop around and compare homeowner's insurance prices before you buy. The price you pay for homeowner's insurance can vary by literally hundreds of dollars. So don't settle on the first company that you go to no matter how great they may seem.
It may take a little bit of time and effort to shop around, but in the end it will be well worth it. Check online or the Yellow Pages for insurance companies near you. Go in, sit down and talk to them. Listen to what they have to offer. But, make sure that they know that you are shopping around.
Premium price is not the whole issue. Once you have checked out several insurance companies, pick the company that you feel will be best for you - one that you know will provide you with the best service. Dependable service is a must for insurance providers.
2. Raise Your Deductible
If you do not want to have to pay high premiums every month, you can choose to go with a higher deductible. That means that you will have to pay more out of pocket when you have a claim, however, you save money throughout the year on premium costs. Most companies suggest you have a deductible of around $500. If you can afford to raise that deductible to $1000, you may save as much as 25%.
According to the area you live in, there may be separate deductibles for various kinds of damage. You need to check with your insurance provider regarding that.
3. Improve Home Security
Another way to save on homeowner's insurance costs is to invest in a home security system. This can actually save you as much as 15-20% off of your premium depending on the type of system you have installed.
4. Purchase Auto and Home Insurance From the Same Company
Many insurance providers that sell homeowners insurance will give you a 5 to 15 percent discount if you buy two or more policies from them. It is important to make sure that the discount really is a savings. Make sure that the combined price is lower that if you were to buy it from tow separate companies.
5. Maintain Good Credit
Establishing and maintaining a solid credit history can cut insurance costs. Many insurers rely on credit information to price their homeowner's insurance policies. If you have maintained good credit through the years, this will help in getting a better and lower rate.
Following these simple tips can help you to get a better deal on your homeowners insurance. So do your homework. It will save you money in the end. - 2364
About the Author:
If you are looking for a quality Florida Insurance Agency, Fiesta Insurance offers the best service around. We help our clients understand exactly what type of insurance coverages are best and which ones are more suitable for them. Call our South Florida Insurance Agency today. Fiesta Insurance is happy to help you with all of your insurance needs.
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