Is it possible to get low cost but high quality homeowners' insurance? Yes, if you make use of the right tips. Here are 6 proven ways anyone can get massive discounts on their policy …
1. A neighborhood watch will make your neighborhood safer and as a result in more affordable rates. Do not forget to inform your agent if your community has such for a well-deserved discount. It will be easier than you believe to convince your neighbors to initiate one if they're told how much they will save in home insurance apart from the other advantages.
2. The more claims you make the bigger the risk associated with insuring you. Desist from making claims for every little thing as that will make your home a higher risk. You will attract a higher premium as a result of this higher risk impression.
Therefore, if it's something you can handle with relative ease, do NOT make a claim. This will help keep your rate low.
3. This is essential even though it's not part of a home insurance policy. Houses in flood-prone regions are not considered as properly insured without a flood insurance policy and this will mean close to $ 500 yearly.
Apart from if you're buying your house cash, be sure that flood insurance will be required by any mortgagor if your house is in a flood-prone region. Making a shift in the locality you get a house will lower what you spend on insurance.
4. Does your home have fire escapes? If you do then make it known to your agent and see what discounts this will get you. Do not fail to inform your agent even if all your home has as fire escapes are rope ladders. If, on the contrary, you do not have any fire escape or the right number and kind, you're probably missing out on discounts you should obtain. In order to guarantee that this will get you a discount, find out from your agent what your insurer considers the right fire escape.
5. You will pay cheaper home insurance premiums if you obtain group home insurance. You can check with associations you are part of since they may have obtained group discounts for home insurance.
I will, however, recommend that you still get and compare quotes from other insurers that your association may have no group discounts with. For several reasons you could be better off NOT buying from a particular association's insurer. Therefore, it really does pay to do extensive comparison shopping if you intend to have the best rates.
6. You can save a lot of dollars by visiting not less than five home insurance quotes sites. If you do this, you will be more likely to get the lowest quotes possible because five sites will present up to 25 quotes alike.