Homeowners' Insurance -- Apply The Following Tips If You Want To Spend Less

Folks who know what to do don't find it difficult getting the cheapest rates without downgrading the quality of coverage they get. This write-up will show you steps you can take if you want to affordable homeowners insurance rates without downgrading the level of coverage you enjoy...

1. You'll pay lower premiums if you elect to pay your premiums yearly and not every month. A major reason for this is the cost an insurance company incurs for posting you twelve bills instead of just one each year.

Furthermore, each check they get attracts a transaction charge as well. They pay transaction charges 12 times instead of once a year for monthly payments. And as with every other thing, it's you the client or insured who bears that cost.

So, you will get lower rates if you opt to pay your premiums yearly. The real amount you could save might differ but expect to save up to a month's premium worth with most insurers if you choose this option.

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2. Motion-sensitive lighting reduces your home's risk of burglary and, therefore, helps you get cheaper home insurance rates. Your house becomes a no-go area for thieves as they'll be noticed easily. Because thieves avoid homes with such lighting, you reduce your home's risk of burglary and, by extension, your premiums.

3. The material you use in the construction of your house goes a long way in affecting your home insurance premium. For example, brick houses are best in states with high winds while frame buildings are preferred in earthquake zones. This implies that folks who reside in the East will save if theirs is a frame home. For those who live in the West, they'll spend more if they own a brick home. Expect to save a minimum of 5% if you choose a home with the recommended material.

4. If you install a sprinkler you'll be eligible for a discount. Sprinklers are very helpful in putting off fires and by extension reduces the risk of fire damage. Ask your agent the discount you'll get for doing this before you get yours because they are very expensive.

5. Make sure you do NOT make the mistake of not subtracting the land's worth from your home's value while applying for a policy. Some folks spend much more than they should due to this mistake. You've made same mistake if you insured your home for the cost you purchased it without finding out the cost of the land it's standing on and subtracting it.

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If you made this mistake quickly call your agent and re-evaluate your home insurance policy. Subtract the value of your land and use only the cost of your home and its contents.

This means you will spend a lot less on home insurance. Always remember that insuring the land your home is standing on is plain waste of money because it does give you any added advantage.

6. You will save much by visiting at least five home insurance quotes sites. That way, you will make it most likely that you'll get all the lowest quotes available as five sites will give up to 25 quotes altogether.

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