Home Owners Insurance -- 7 Tested Tips

Contrary to what you might be made to believe, it's quite easy to attract a lower rate. The two things that stand between you and getting a better rate now are the right information and a motivation to make use of the recommendations you get -- Period. We'll now take a look at a number of time-tested ways to get this done...

1. Do not insure your home along with the land it is built on as this is more expensive but very needless. Folks do this without knowing. They just insure their house for its complete value without deducting the land's cost.

If you made this mistake quickly call your agent and review your home insurance policy. Subtract the value of your land and buy coverage only for your house and its contents.

With such a review you will lower your premiums by a huge margin and still leave with sufficient home insurance coverage. Don't ever forget that insuring the land your house is standing 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 partly determined by your credit rating. Those who have excellent ratings pay far less than folks who have poor ratings. What your credit rating shows is how you treat your bills and it speaks badly about you if it's a poor one. No insurer is happy with this as it suggests a pattern you are quite likely to repeat in the payment of rates. This makes you a bigger risk and so justifies a higher rate.

Therefore, it will do you much good to clear all your bills once they are due. Apart from the other benefits in doing so, it will ensure you get cheaper home insurance premiums.

3. Electing to pay your rates monthly results in more expensive rates than you would pay if you choose to pay annually. A strong reason for this is the cost an insurer incurs by sending you 12 bills instead of just one annually.

As if that was NOT enough expense, each check they get attracts its own transaction fees too. They pay transaction fees 12 times instead of once a year for monthly payments. And as with everything else, it is you the customer or insured who will be responsible for that cost.

You will get considerable savings if you begin to pay annually. The actual amount you could save may differ but you may be able to save up to a month's premium worth with some insurance companies if you settle for this option.

4. A fire-safe home exterior will help reduce your rates. Do you have things that could likely aid combustion close to your house? They'll make you pay more. Although cutting bushes around your home looks mundane, you'll get lower premiums if you do maintain them at a distance of at least ten feet from your building. This is because how fire-safe a home is goes a long way in affecting what it will cost to insure that home.

5. You will get cheaper rates if you have motion-sensitive lighting on your property. Thieves naturally do NOT like to operate in any place they could be easily seen or caught. Since thieves keep off from houses with such lighting, you reduce your home's risk of burglary and, by extension, your premiums.

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6. Make sure each door to the exterior has dead-bolt locks. They will make it more difficult for burglars to break into your home. And as you know, the lower the risk of burglary in a home, the cheaper premiums it will get.

7. Window locks on every window will help you save because they reduce your home's risk of burglary. Look forward to attract far cheaper rates if you have windows that have burglary-proof bars Although some people do not like this because it makes them feel like a prisoner in their own house, it really does lower your rate considerably. So, if you don't mind having burglary-proof bars in your house, have them built in and you will pay much less in your home insurance premium.
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