1. Compare
Comparison Shopping is what we do at RapidAutoQuotes.com. You Compare up to 5 quotes from competing insurers for you to get the best rate.
When shopping for Homeowners insurance, price is an important factor but,that should not be the determining factor. Quality service if you need help filing a claim.Talk to a number of insurers to get a feeling of the service they provide.Ask them for money saving tips as well.
2. Raise Your Deductible
Before the insurance company pays on a claim or loss, you have to pay a deductible.The higher the deductible the lower your premium will cost.Most companies will recommend a $500 deductable. However if you can afford to raise your deductable to $1000, you could save as much as 25% !
If you live in a disaster prone area,ther may be a seperate deductable hail. wind, floods,theft , earthquake policies for each.
3 . Rebuilding costs vs. paid for costs
Don’t include the value of your land in deciding how much coverage to buy. Your land is not as risk for theft, fire, hail/wind damage and othe factor such as this. If you include any of these in the figuring, you will pay a much higher payment than you should.
4. We recommend that you buy your home & auto policies from the same insurer.
Why go to different insurers to get separate policies..Always buy your home & auto policies from the same company.Saving as much as 15%, as well as ask if you buy a health and / or life insurance from them too. Most insurers will save you 30 – 50% off the combined premiums. I have seen savings as high as 67% over what each bought policy. That person was quoted on auto,life health and homeowners insurance.They save a bunch on money just going with one insurance agent.
5. Can your home resist a disaster?
If you have storm windows/shudders, a stronger roofing materails, withstand earthquakes better this will save you money.Be sure to tell the agent on any home improvement .
6. Home security
By adding smoke detectors should result in a 5% savings, Dead bolts, security system with a state of the art sprinkler system, fire and burglar alarm that pages the cops if a fire or theft. All this could yield you as much as 15 – 20 percent savings as well. If you dont have such a setup, ask you agent what they recommends and what you would save.
7. Ask for other discounts.
Are you over 55 years of age, retired? That may get you 10% discount…
be sure to ask.
8. Do you have a good credit record?
If you don’t know what you credit score is go to Equifax.com . That is a trusted website, this need to be check regularly.
A lower credit score will result in a higher insurance cost.
9. Stay with the same insurer
If you keep the same insurer for several years, you may get a specal discount. Some companies offer a 5% savings in you stay 3 to 5 years.Stay 6 years or more it is as much as 10% .
10.Review you limits of the policy and value of possessions.
Once a year review you policy. Check for any changes,such as did you buy any high value electronics, upgrade to the house, new roof, jewelry?
This will change the policy.
