Home Owners Insurance -- 7 Tested Tips

Contrary to what you might have thought, it is quite easy to get a cheaper rate. You just need the right recommendations and the discipline to implement what you'll learn to get a cheaper rate. We'll now take a look at a number of time-tested ways to get more for a lot less...

1. It is more expensive but very unnecessary to insure the land on which your house is standing. Some people spend much more than they should on home insurance because they made this mistake. You've made the same mistake if you insured your home for the price you bought it without finding out the cost of the land it's built on and deducting it.

If you did this quickly meet with your agent and review your coverage. Reduce your coverage to the worth of your home and its contents minus the land's value.

Your premium will be less and you'll still have adequate coverage if you do this right. Don't ever forget that insuring the land your house is built on is plain waste of money because it does NOT give you any added advantage.

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2. What you pay as premium is affected by your credit rating. The poorer your credit rating, the higher the rates you get. If your credit rating is poor then you've been missing important payments. This is a behavior that most insurers believe will be exhibited in the way you pay up your premiums. This marks you out as a bigger risk and so attracts a higher rate.

It will, therefore, be a good step to do something about improving your credit rating. It makes it easier for you to attract lower rates among other things.

3. Electing to pay your premiums monthly leads to higher rates than you'd spend if you choose to pay yearly. This is because sending you 12 bills by mail each month costs your insurance company a lot.

The cost shoots up if you add the fact that they pay transaction fees for processing each check you send them monthly. 12 checks mean Twelve transactions and will attract 12 separate fees.. And as with everything else, it's you the end user or policy holder who will be responsible for that cost.

You will get considerable savings if you choose to pay yearly. What you will save could be as much as 8.5% of your total monthly payments over the course of just a year.

4. Make sure that the exterior of your home is fire-safe and your premium will be lower. Do you have things that could likely help combustion near your structure? They will make you pay more. Bushes near your house should be cut and maintained at a distance of at least 10 feet from your structure. The likelihood of fire in a home is a very strong factor that shapes your home insurance rate.

5. You will get cheaper rates if you have motion-sensitive lighting in your home. Burglars generally don't like to operate in any environment they could be easily noticed or caught. Since thieves keep off from houses with such lighting, you reduce your home's risk of burglary and, consequently, your premiums.

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6. Dead-bolt locks on all doors to the exterior will help you get a cheaper rate. It's harder for burglars to break into homes that have these locks. And as you know, the less the risk of burglary in a house, the lower rates it will attract.

7. Fitting window locks on each of your windows will help lower your home's risk of burglary. You'll save even a lot more if you go further to get burglary-proof bars fixed on every window. If you are NOT against this have them fitted in your home and get lower rates.
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