Home Insurance Articles

8 Easy Ways to Save on Home Insurance

2009-11-02

Shopping for home insurance can be very stressful. With the high cost of insurance policies, many people feel stuck in high monthly payments and inadequate coverage. Fortunately, there are a number of things you can do to lower the premiums of your homeowners insurance and even make your home a little safer.

1. Get it all under one roof - If you are looking for home insurance quotes, chances are you also need auto insurance, life insurance and health insurance as well. Getting all of your insurance from one company is a great way to get an overall lower monthly payment.
2. Increase your deductible - In the unfortunate event that something happens to your home and you have to file a claim, you will need to pay a deductible, which is your contribution to the loss, before the insurance kicks in. Increasing the amount you are willing to pay will lower the premiums you are required to pay each month for your home insurance.
3. Forget about the land - When your home is appraised, they include the value of the land in the estimate. If something happens to your house, this could be more coverage than you need. Talk to your insurance agent to determine the actual home insurance coverage you need.
4. Quit smoking - Insurance companies know that more than 20,000 home fires are caused by smoking accidents every year. For this reason, many companies offer discounts on homeowners insurance for non-smokers.
5. Get home security - Anything you can do to increase the security and safety of your home will have an impact on your home insurance premiums. Smoke detectors, security systems and deadbolts are all simple things you can do to get low cost home insurance.
6. Be faithful - home insurance companies love loyalty. In fact, the longer you stay with a home insurance company, the more you can save. Ask your home insurance company if they offer loyalty discounts if you have been with them for 5 years or longer.
7. Set up automatic payments - Another easy way to save on home insurance premiums is to set up an EFT draft payments. Insurance companies look at this as extra security for receiving their money and may offer discounts.
8. Maintain your credit - Most home insurance companies perform a credit check when figuring your monthly premiums. If you have poor credit, the home insurer will look at you as a risk and could increase the payments. Keeping your credit in good shape is best for all types of insurance.

Whether you are a new home owner or getting ready to pay your final mortgage payment, finding cheap home insurance is a priority. HomeInsurance.org can help you find multiple low cost home insurance quotes so you can decide which policy is tight for you. Answer a few simple questions and let HomeInsurance.org do the work for you today.