Home Owners Insurance -- 7 Sure Tips

Contrary to what you might have thought, it's quite easy to get a lower rate. You just need the right tips and the determination to implement what you'll be taught to get a more affordable rate. Let us get into the tips you need to attract cheaper rates...

1. Make sure you do NOT forget to deduct the land's value from your home's value while applying for a home insurance policy. People who ignorantly do this pay for more insurance than would be of any benefit. They just insure their house for its complete value without removing the land's cost.

For those who have mistakenly done this, call your agent and check your home insurance coverage again. Lower your coverage to the cost of your house and its contents minus the land's value.

With such a review you will lower your premiums by a huge margin and still have enough home insurance coverage. Since insurance is for valuables that you can't afford to lose, insuring the land which can neither be lost or damaged isn't right.

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2. Your credit history has a serious impact on your rate. Those who have excellent ratings pay far less than folks who have poor ratings. If your credit rating is poor then you've been missing important payments. No insurer is happy with this as it shows a behavior you are very likely to repeat in the payment of premiums. This makes you a bigger risk and therefore attracts a higher rate.

It will, therefore, be a smart step to do something about making your credit rating better. It makes it easier for you to attract cheaper rates among other things.

3. Making your premium payments once every year will save you a lot when compared to monthly payments. An insurer is compelled to send you 12 notices for monthly payments as against one for yearly payments. This costs them more.

The cost shoots up if you add the fact that they pay transaction charges for processing each check you send them monthly. They pay transaction charges twelve times instead of once a year for monthly payments. And, believe it or not, these extra overheads are ultimately added to your rates.

Therefore choose yearly payments instead if you want to make savings through this means. What you'll save could be as high as 8.5% of your total monthly payments over the course of just a year.

4. Make the exterior of your home fire-safe and you'll bring down your home insurance rate. You'll be doing the right thing if you don't have anything that is inflammable close to your building. Although cutting bushes around your home looks simple, you'll get cheaper rates if you do maintain them at a distance of at least ten feet from your structures. This is because how fire-safe a house is goes a long way in shaping what it will cost to insure it.

5. You'll also enjoy a discount if you have motion-sensitive lighting for your home's exterior. Your home becomes less attractive to thieves because they'll be spotted easily. Since thieves avoid houses with such lighting, you lower your home's risk of burglary and, consequently, your rates.

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6. Fixing dead-bolt locks on every exterior door will lower your home insurance premium. This makes it difficult for intruders or burglars to have their way. The more fortified your home is against burglary, the better the risk taken in insuring it.

7. Having window locks on each of your windows will help reduce your home's risk of burglary. Look forward to attract far cheaper rates if you have windows that have burglary-proof bars If you are not opposed to this have them fitted in your home and enjoy more affordable rates.
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