Saturday, November 2, 2013
Cheap Home Insurance - Paying Less Without Compromising Yourself
There a several things that you can do to get cheap home insurance rates. I'll share just a few in this article.1. Raise your deductible and you'll get cheap home insurance.For those who don't know what a deductible is, it is the amount you're bound to pay if you make a claim before an insurer pays according to your policy terms. For homeowners insurance policies, your deductibles will normally start from $250. Increasing your deductible from $250 to $500, for example, might save you up to 12%. Raising it further to $1000 may get 24% discount. Check with your agent how much you'll save as there is no fixed discount rate for all insurers.2. If it makes sense, buy more than one policy from the same insurer. This will also result in cheap home insurance.Many insurers will give discounts anywhere between 5% to 15% if you buy more than one policy from them. However, this does not make sense in every situation because the sum of savings made by buying certain policies from different insurers may far outweigh whatever discounts you may get. Therefore, take some time out to check thoroughly.3. Insure your house, not the land and you raise your chances of getting cheap home insurance.You insure your home to get coverage from perils that could make you lose it. All such perils do not take away the land on which your home is built. Make sure you deduct the value of your land from the cost of your home whenever you apply for a home owners insurance policy. If you fail to do this you'll be buying much more insurance than you really need. This means higher unnecessary premiums.4. You'll get cheap home insurance rates if your home is better secured.Dead-bolt locks and burglar alarms could get you discounts of around 5 percent. Some insurers take it even further and offer between 15 and 20 percent discounts if you get special fire and security devices that ring at a police station, fire station or any monitoring facility. Such systems have to be recommended by the insurer for you to qualify for such discounts. The funny thing, though, is that although such devices will reduce your homeowners insurance premiums, they are by no means cheap.5. Get quotes from insurance quotes sites and you'll surely get cheap home insurance.You will save a lot of dollars by visiting at least three home insurance quotes sites. Visiting a minimum of three quotes sites increase the chances that you'd obtain more quotes.And, you should understand that because the likelihood of receiving cheap home insurance quotes is related to the range of quotes you get, the more insurance companies you obtain quotes from, the better your chances. Obtaining your insurance quotes online will definitely help you save much if you sacrifice just 15 minutes to ask for quotes from a minimum of 3 insurance quotes sites.