Homeowners Insurance -- 7 Proven Tips

You can enjoy high value coverage without breaking the bank. The two things that stand between you and enjoying a cheaper rate now are relevant information and a motivation to use the tips you get -- Nothing more. Let's get into the ideas you need to attract more affordable rates...

1. Ensure you don't fail to subtract the land's cost from your home's value as you apply for a home insurance policy. Folks do this ignorantly. You have made the same mistake if you insured your house for the price you bought it without finding out the cost of the land it's built on and deducting it.

If you did such ignorantly, you need to re-evaluate your home insurance coverage and check it again with your agent. Subtract the land's cost and you will realize that you'll need far less coverage.

This means you'll pay far less on home insurance. Because insurance is for valuables that can be lost or damaged, insuring the land which can neither be lost or damaged isn't right.

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2. Your credit rating has a huge impact on your rate. You will attract higher home insurance premiums if you have a poor credit rating. If your credit rating is poor then you've been missing important payments. This is a pattern that most insurance carriers believe will be exhibited in the way you treat your premiums. This makes you less attractive to them and you, therefore, are made to spend much more than someone else with similar profile that has a very good rating.

So do all within your power to attend to all your bills in a timely manner. Apart from the other benefits in doing so, it will help you get lower home insurance premiums.

3. Making your premium payments once every year will save you a lot when compared to monthly payments. A major reason for this is the cost an insurer incurs by posting you twelve bills instead of just one yearly.

As if that was NOT enough expense, each check they get attracts a transaction charge too. They pay transaction charges twelve times instead of once annually for monthly premiums. And, if you really come to think of it, these extra overheads are eventually added to your rates.

Therefore opt for annual payments instead if you intend to save this way. What you will save could be as much as 8.5% of your total monthly premiums over the course of just one year.

4. Ensure that the exterior of your house is fire-safe and your premium will be more affordable. You'll be doing the right thing if you ensure there's nothing that's inflammable around your home. Even though cutting bushes around your house looks mundane, you'll get lower premiums if you do maintain them at a distance of at least 10 feet from your building. This is because how fire-safe a home is goes a long way in shaping what it will cost to insure it.

5. You will get cheaper rates if you have motion-sensitive lighting on your property. Burglars naturally don't like to operate in any environment they could be easily noticed or caught. Your rate will be reduced you have reduced your home's risk of burglary through this kind of lighting.

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6. Having dead-bolt locks on all exterior door will bring down your home insurance rate. They will make it harder for burglars to get into your home. And because a home's risk of burglary is a strong factor in calculating your home insurance premiums, you will pay far less.

7. Window locks on every window will help you save since they reduce your home's risk of burglary. You can take this to another level by building in burglary-proof bars on all your windows. Therefore, if you are okay with having burglary-proof bars in your home, have them fixed and you'll pay much less in your home insurance rate.
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