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Cheap Home Insurance - How Do You Find Affordable Rates?

Published Tuesday, October 28, 2008 by bloggerblognet4542 | E-mail this post

Finding affordable home insurance is a lot easier than most people realize. Here are three ideas to keep in mind if you are looking to cut your home owners insurance expenses.

Idea number one: That low deductible could be adding a lot to your premium. Consider a higher deductible to see your premium drop. Of course, you do want to be sure that you can come up with the deductible in the event of a claim. You could put the extra money you have into a savings account in case you need to pay the deductible. You'll have the money for the deductible plus some interest-earning savings; a win-win situation.

Idea number two: Comparison shop. Here's the big secret about saving home insurance: Rates can vary quite a bit from one company to the next and that means you may be paying more than you need to. Just a little bit of time spent getting quotes could save you hundreds of dollars. Even if you knew you had a low rate when you took out your current policy, it's a good idea to periodically check it against the competition as rates do change.

The Insurance Information Institute recommends that you get at least three quotes from different companies. This is pretty easy to do, especially if you use an insurance comparison site. A comparison site will take your information that you enter into their quote request form and allow several companies or agents to find you the lowest rate. You can then follow-up with the quote you like best.

Idea number three: Take advantage of all available discounts. Discounts are a great way to save a little extra on your premium. Most companies offer discounts for having smoke alarms, burglar alarms, deadbolt locks and upgraded electrical and plumbing systems. You can also save when you insure your home and vehicles with the same company. Be sure to ask about discounts when you follow up on quotes.

Finally, affordable home insurance is one thing. "Cheap" is another. Home owners insurance is protecting one of the most important assets in your life. You want to make sure you choose a reputable company. There are several organizations that rate insurance companies based on financial strength, such as A.M. Best, Weiss and Standard & Poor's. They all have Web sites where you can get further information. Also, you can check with your state's insurance department as well.

Affordable home insurance quotes

Justin Scott is a free-lance writer and recommends the comparison site LowerYourInsurance.com for up to five quotes on homeowners insurance. The site also features more tips about saving on home insurance.

Blogger BlogNet49964

Cheap Home Insurance - How Do You Find Affordable Rates?

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