Home Owners Insurance -- 7 Sure Tips

You can enjoy high quality coverage without paying top price. The two things that are holding you from enjoying a cheaper rate at the moment are the right information and a motivation to make use of the tips you get -- That's all. Let's get into the tips you need to enjoy more affordable rates...

1. Ensure you don't forget to deduct the land's value from your home's cost as you apply for a home insurance policy. Folks do this ignorantly. Insuring your home for the purchased price without deducting the land's worth is a big mistake.

If you did such ignorantly, you'll have to review your home insurance coverage and check it again with your agent. Subtract the cost of your land and use only the cost of your house and its contents.

This means you will pay a lot less on home insurance. Since insurance is for things that can be lost or damaged, insuring the land which can neither be lost or damaged isn't a smart move.

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2. Your credit rating has a huge impact on your rate. The poorer your credit rating, the higher the rates you attract. A bad credit rating implies that you have not been paying your bills in a timely fashion. No insurer likes this as it shows a behavior you're quite likely to repeat in the payment of rates. If you are considered a likely defaulter, it makes you a bigger risk and attracts more expensive premiums than otherwise.

So do all within your power to attend to all your bills in a timely manner. Apart from the other benefits in doing so, it will help you get lower home insurance rates.

3. You'll get cheaper rates if you choose to pay your premiums annually and not every month. A major reason for this is the cost an insurer incurs by sending you 12 payment notices instead of just one annually.

As if that was NOT enough expense, each check you send attracts a transaction fees as well. 12 checks mean 12 transactions and will draw 12 separate charges.. These and other costs so incurred by your insurer are eventually passed over to you, the insured..

As a result, you will get lower premiums if you opt to pay your rates annually. What you'll save could be as much as 8.5% of your total monthly premiums over the course of just one year.

4. Make sure that the exterior of your home is fire-safe and your rate will be more affordable. Do you have things that could easily aid combustion close to your structure? They'll make you pay more. Bushes near your home should be cut and maintained at a distance of at least 10 feet from your building. The likelihood of fire in a house is one very strong factor that shapes your home insurance premium.

5. You will get cheaper rates if you've got motion-sensitive lighting on your property. Burglars understandably don't like to operate in any environment they could be easily noticed or caught. The risk of burglary is a strong factor in calculating a home's risk to an insurance company and, by extension, your premium.

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6. Having dead-bolt locks on all exterior door will bring down your home insurance premium. They will make it more difficult for burglars to get into your home. And because a home's risk of burglary is a key determinant of home insurance premiums, you will pay far less.

7. Having window locks on each of your windows will help lower your home's risk of burglary. You can take this to another level by building in burglary-proof bars on them all. If you're not one of those folks who have a deep hatred for such, they'll get you reasonable discounts. If you're not one of those people who insist that having such amounts to being imprisoned in their own house, have them fixed if you want to reduce your home insurance rates by a huge margin.
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