Affordable Home Owners Insurance -- Proven Tips

With the right advice you'll get cheaper rates for adequate coverage. However, if you get the wrong advice, in spite of the fact that you may still save, you will do so by compromising the level of coverage you'll enjoy. Here are some proven ways to get cheaper rates without putting yourself at risk...

1. Fixing advanced security and fire systems that are monitored 24/7 is a wise move. You will obtain a huge discount apart from the fact that you'll feel safer that your home is being watched by trusted professionals. Depending on the insurance provider, this type of systems can get you discounts between 25% and 30%.

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2. Using the same insurer for multiple policies will attract a discount. This qualifies you for a multi-policy discount. However, you might save more by obtaining your policies from various providers.

Let me make this a little clearer...

We'll make believe that you have 4 policies: Life, health, auto and home. You'll receive a multi-policy discount if you make purchase of all four policies, or a minimum of 2 of them, from the same company. Considerable as the discount may be, you may still not realize as much as some smart folks who choose to forgo this discount due to their superior knowledge...

Following are made up premiums for a profile's different insurance policies with different carriers...


Insurer A

Life insurance: $2,590

Health insurance: $2,200

Auto insurance: $3,500

Home: $2,100


Insurer B

Life insurance: $3,100

Health insurance: $2,400

Auto insurance: $2,500

Home insurance: $2,400


Insure C

Life insurance: $2,900

Health insurance: $1,900

Auto insurance: $2,800

Home insurance: $2,700


Insurer D

Life insurance: $2,100

Health insurance: $2,300

Auto insurance: $2,750

Home insurance: $2,600


Take for instance that these premiums were offered to you, your sum for the 4 policies would be $10,390 if you purchased all policies from insurer A. If they give a multi-policy discount of 10% you will spend a total of $9351. This is really big knowing that you will save over $1,000.

However, how smart this option is becomes clear when you compare it with what would have been saved if you bought from the company that had the most affordable price per policy...

The following are the cheapest rates from different companies for the different policies: $2,1000 from Insurer A; $2,500 from Insurer B; $1,900 from Insurer C and $2,100 from Insurer C. This will bring your overall insurance costs to $8,600.

Doing proper shopping and picking the best rates from different carriers, you would have paid $751 less than a person of the same profile who bought from the first insurer with a 10% multi-policy discount.

So spend time to know which pays you better. Do your best to get and compare quotes from as many quotes sites as possible if you truly want to find out what's best in your situation. The wider the range of quotes you obtain, the more you will save because you'll be able to see the most affordable quotes available for your profile.

3. You are eligible for a loyalty discount if you've being with an insurance provider for up to three years. But despite the fact that you'll qualify for a loyalty discount if you stay put with one insurance company for 3 years and more, don't stay put just for that.

If it is about paying less, you will almost always be able to pay cheaper than you're paying at any moment. Do shop extensively and you'll be pleasantly surprised. Look for insurance carriers that you've never got quotes from and get and compare quotes from them.

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4. There's the likelihood that you could pay less for home insurance if you spend time to go through your policy either whenever there is a considerable change in your home or just routinely once of twice annually. That expensive fur coat might no longer be worth as much as when you got it.

If it is now worth less, you will then do the sensible thing: Lower your coverage by the same margin and get cheaper rates as a result. However, a review could reveal it's now worth a lot more and that you have to increase coverage.

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