Home owners Insurance Rate -- Use The Following Tips If You Intend To Get Discounts

It is NOT difficult to obtain very cheap quotes and pay a lot less for adequate coverage the moment you understand what to do. Read through this article if you want to join this elite group who are paying very low homeowners' insurance rates while maintaining adequate coverage...

1. Electing to pay your premiums monthly results in more expensive premiums than you would spend if you decide to pay annually. A major reason for this is the cost an insurance company incurs for sending you 12 bills instead of just one each year.

If you include the fact that each check you give is seen as a transaction by their bankers, you'll see that they still spend extra on transaction fees for each check you pay in. 12 checks mean 12 transactions which attract 12 different transaction charges. And, believe it or not, these additional costs are eventually added to your rates.

As a result, you'll get lower rates if you opt to pay your rates yearly. You could save up to a month's premium within a year.

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2. Motion-sensitive lighting reduces your home's risk of burglary and, as a result, helps you get lower home insurance premiums. Thieves generally don't like to operate in any place they could be easily seen or caught. Because thieves avoid homes with such lighting, you lower your home's risk of burglary and, consequently, your home owner insurance rates.

3. The material you use in building your house has much effect on your home insurance rate. Buy a frame house if you want more resistance to earthquakes or buy a brick home if you want better resistance to high winds. As a result, having a frame home in the East will definitely cost you much more in home insurance. For people who stay in the West, they'll spend more if they own a brick home. You will save at least 5% if you use the preferred material for your building.

4. You'll get reasonable discounts if you install a sprinkler system. This is so because a sprinkler system is good for suppressing fires. Although they are by no means cheap, they'll bring you remarkable discounts.

5. Ensure you do NOT make the mistake of not subtracting the land's cost from the home's value as you apply for a policy. A good number of people spend much more than they should due to this mistake. Insuring your home for the purchased price without subtracting the value of the land it stands on is a big mistake.

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If you made such a mistake, you'll have to re-evaluate your home insurance coverage and check it again with your agent. Subtract the value of the land and you will realize that you will need far less coverage.

Your premium will be cheaper and you'll still have adequate coverage if you do this right. Bear it in mind that insuring the land your house is standing on is plain waste of money since it does give you any added advantage.

6. You can save much by visiting not less than five home insurance quotes sites. If you do this, you'll be able to get the lowest quotes possible as five sites will return not less than 25 quotes altogether.

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