Homeowner Insurance -- Seven Proven Tips

Contrary to what you might have thought, it is quite easy to attract a cheaper rate. All you have to do to achieve this feat are little bits of information (Put into good use). Let us now look at a few sure-fire ways to get better rates...

1. It's more expensive but needless to insure the land on which your home is built. Some people pay much more than they should on home insurance on account of this mistake. They just insure their home for its complete value without removing the land's cost.

If you made such a mistake, you need to review your home insurance coverage and go through it again with your agent. Deduct the value of your land and buy coverage only for your structures and its contents.

With such a review you will lower your premiums considerably and still have adequate home insurance coverage. Always remember that insuring the land your house is standing on is plain waste of money because it does NOT give you any added advantage.

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2. The amount you pay is partly determined by your credit history. People who have very good ratings spend far less than folks who have low ratings. A bad credit rating suggests that you have not been paying your bills promptly. This is a behavior that most insurers believe will be exhibited in the way you handle your premiums. If you are considered a potential defaulter, it makes you a bigger risk and draws more expensive rates than otherwise.

Therefore, it is a wise decision to pay all your bills once they are due. You'll get lower premiums if you do.

3. Choosing to pay your premiums monthly leads to higher premiums than you would pay if you decide to pay annually. This is because sending you 12 bills by mail each month costs your insurer much.

If you include the fact that each check you make out is considered a transaction by their bankers, you will see that they still pay some more on transaction fees for each check you pay in. They pay transaction charges 12 times instead of once annually for monthly premiums. And, if you really come to think of it, these additional costs are ultimately added to your rates.

Therefore choose yearly payments instead if you want to save this way. You could save up to a month's premium within a year.

4. Ensure that the exterior of your house is fire-safe and your rate will be cheaper. Do you have things that could likely help combustion near your structure? They'll make you get higher rates. As easy as it seems, cutting back bushes and maintaining them up to ten feet from your structures will help reduce your premium. This is because how fire-safe a house is goes a long way in determining what it will cost to insure it.

5. Motion-sensitive lighting reduces your home's risk of burglary and, as a result, makes it easier for you to get cheaper home insurance rates. Thieves generally don't like to operate in any environment they could be easily seen or caught. Because thieves keep off from houses with such lighting, you lower your home's risk of burglary and, by extension, your rates.

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6. Having dead-bolt locks on every exterior door will reduce your home insurance rate. This makes it hard for intruders or burglars to have their way. And as you know, the lower the risk of burglary in a house, the cheaper premiums it will get.

7. Fitting window locks on each of your windows will help reduce your home's risk of burglary. You can take this to another level by fixing burglary-proof bars on all your windows. So, if you are okay with having burglary-proof bars in your home, have them built in and you will be charged a lot less in your home insurance premium.
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