Homeowners Insurance -- Four Proven Ways To Pay Less

You can enjoy high value home owner insurance coverage without breaking the bank. The two things that keep you from getting a more affordable rate at the moment are the right information and a determination to make use of the recommendations you get -- That's all. Let's get into the steps you need to pay far less...

1. It is more expensive and very unnecessary to insure the land on which your house is standing. A good number of people spend much more than they should on home owners insurance due to this mistake. You have made same mistake if you insured your home for the price you purchased it without checking the cost of the land it is built on and deducting it.

If you did this quickly call your agent and review your coverage. Deduct the land's value and buy coverage only for your house and its contents.

Your premium will be more affordable and you'll still have enough coverage if you do this right. Always remember that insuring the land your house is standing on is plain waste of money because it does give you any added advantage.

2. You will pay more or less depending on your credit rating. You'll pay higher home owners insurance premiums if you have a poor credit rating. A poor credit rating implies that you have not been paying your bills in a timely fashion. This is a pattern that most insurers believe will be exhibited in the way you pay up your premiums. This makes you a higher risk to them and yourself, therefore, are made to spend much more than someone else with the same profile that has an excellent rating.

Therefore, it will do you much good to clear all your bills once they are due. It makes it easier for you to get cheaper rates among other things.

3. Yearly premium payments will save you a lot when compared to monthly payments. This is because posting 12 bills by mail monthly costs your insurer a lot.

As if that was NOT enough expense, each check you send attracts its own transaction charge too. They pay transaction fees twelve times instead of once a year for monthly premiums. These and other charges so incurred by your insurer are eventually passed over to you, the insured..

As a result, you will get cheaper premiums if you opt to pay your premiums anually. What you will save could be as high as 8.5% of your total monthly premiumss over the course of just one year.

4. Take out some time to visit a minimum of 5 insurance quotes sites that provide quotes on homeowner insurance policies. It should take you around 25 minutes. As you visit each quotes site, make sure you input the same information. Doing otherwise will produce misleading results. When you've received your homeowners insurance quotes, compare them to determine which serves your interest best in price/value.

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