Homeowners Insurance -- 7 Proven Tips

You can get high quality coverage without breaking the bank. The two things that are holding you from getting a better rate at the moment are relevant information and a determination to use the tips you get -- Nothing more. Let us now look at a few sure-fire ways to get better rates...

1. Don't insure your house along with the land it is standing on as this will cost you more but very unnecessary. People do this without knowing. Insuring your home for the purchased price without deducting the land's worth is a big mistake.

For folks who've mistakenly done this, call your agent and check your home insurance coverage again. Lower your coverage to the cost of your home and its contents minus the land's value.

Your rate will be less and you'll still have sufficient coverage if you do this right. Bear it in mind that insuring the land your house is built on is real waste of money because it does you no good whatsoever.

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2. You'll spend more or less depending on your credit rating. The poorer your credit rating, the higher the rates you get. A poor credit rating means that you've not been paying your bills in a timely fashion. No insurer is happy with this as it suggests a pattern you're quite likely to repeat in the payment of premiums. If you are seen as a potential defaulter, it makes you a bigger risk and attracts much higher premiums than otherwise.

It will, therefore, be a good step to do something about making your credit rating better. Apart from the other benefits in doing so, it will help you get cheaper home insurance rates.

3. Choosing to pay your rates monthly leads to more expensive premiums than you would pay if you decide to pay annually. This is because sending you 12 bills by mail monthly costs your insurance company much.

As if that was NOT enough expense, each check you send attracts its own transaction charge as well. 12 checks mean 12 transactions which mean 12 separate transaction charges. These and other costs so incurred by your insurance company are eventually passed over to you, the insured..

So, you'll attract lower rates if you choose to pay your premiums yearly. You could save up to a month's premium within a year.

4. Ensure that the exterior of your home is fire-safe and your premium will be lower. You'll do well if you don't have anything that's inflammable around your home. As simple as it seems, cutting back bushes and keeping them up to ten feet from your structures will help reduce your premium. This is because how fire-safe a home is goes a long way in determining what it will cost to insure it.

5. Motion-sensitive lighting lowers your home's risk of burglary and, therefore, makes it easier for you to get lower home insurance premiums. Burglars will avoid any place where their movement will be easily spotted. And motion-sensitive lighting does just that. Your rate will be reduced once you've reduced your home's risk of burglary through this type of lighting.

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6. Do ensure that each door to the exterior has dead-bolt locks. This makes it hard for intruders or burglars to break in. The more fortified your home is against burglary, the less the risk involved in insuring it.

7. Do you have locks on all your windows? If you don't you'll be paying more because of that. You will save even much more if you go further to have burglary-proof bars fixed on every window. If you have nothing against this have them fitted in your home and enjoy cheaper rates.
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