Home Owners Insurance -- 7 Tested Tips

It's really very easy for you to buy the right coverage for a lot less. The two things that that keep you from attracting a more affordable rate at the moment are the right information and a determination to use the tips you get -- Period. Let us now look at a few sure-fire ways to get this done...

1. Don't insure your home along with the land it is standing on as this will cost you more but quite needless. Folks do this ignorantly. You've made the same mistake if you insured your house for the cost you bought it without checking the cost of the land it is standing on and deducting it.

For those who've ignorantly done this, call your agent and check your home insurance coverage again. Deduct the land's value and you will realize that you will need far less coverage.

Your premium will be less and you'll still have sufficient coverage if you do this right. Because insurance is for valuables that you can't afford to lose, insuring the land which can neither get lost or damaged isn't a smart move.

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2. You'll pay more or less depending on your credit history. You'll pay higher home insurance premiums if you have a poor credit rating. If your credit rating is poor then you've NOT been faithful in paying up your bills. This is a pattern that most insurers believe will play out again in the way you handle your premiums. This makes you a higher risk to them and you, therefore, are made to pay higher than some other person with similar profile that has an excellent rating.

It will, therefore, be a good step to do something about improving your credit rating. It makes it easier for you to attract more affordable rates among other things.

3. Choosing to pay your premiums monthly results in higher premiums than you would spend if you choose to pay annually. An insurance carrier sends 12 notices for monthly payments as opposed to one for annual payments. This costs them more.

The cost shoots up if you add the fact that they pay transaction fees for processing each check you send them monthly. 12 checks are 12 transactions which incur 12 different transaction charges. And, if you really come to think of it, these extra costs are eventually built into your rates.

Therefore opt for annual payments instead if you intend to make savings this way. The real amount you could save may differ but expect to save up to a month's premium worth with some insurance companies if you settle for this option.

4. A fire-safe home exterior will help bring down your rates. Having things that are highly inflammable or that help combustion around your dwelling will make you pay higher rates. As simple as it looks, cutting back bushes and keeping them up to ten feet from your building will help lower your premium. Fire-safety is a strong factor that determines what you pay as premiums.

5. Motion-sensitive lighting reduces your home's risk of burglary and, as a result, helps you get lower home insurance premiums. Thieves understandably don't like to operate in any environment they could be easily seen or caught. Your rate will be lower you have reduced your home's risk of burglary with this type of lighting.

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6. Dead-bolt locks on all your exterior doors will help you attract a lower rate. This makes it hard for intruders or burglars to have their way. The more fortified your home is against burglary, the better the risk involved in insuring it.

7. Do you have locks on each of your windows? If you do NOT you will be paying more because of that. You can take this to another level by building in burglary-proof bars on them all. Even though most folks do not like this because it makes them feel imprisoned in their own house, it really does lower your premium by a good amount. So, if you are okay with having burglary-proof bars in your house, have them built in and you will pay a lot less in your home insurance premium.
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