Home owners' Insurance Rate -- Find Out How To Pay Less

It's NOT hard to obtain very affordable quotes and pay a lot less for the right coverage if you know what to do. Go through this article if you want to be part of this special group who are paying very low homeowners' insurance rates while enjoying adequate coverage...

1. You will pay more affordable rates if you elect to pay your premiums annually and not every month. A major reason for this is the cost an insurer incurs for posting you 12 bills instead of just one yearlly.

If you include the fact that each check you give is considered a transaction by their bankers, you will see that they still spend some more on transaction charges for each check you pay in. 12 checks are 12 transactions which incur 12 different transaction charges. And as with everything else, it is you the end user or insured who will be responsible for that cost.

You will make reasonable savings if you start paying annually. What you will save could be as much as 8.5% of your total monthly payments over the course of just one year.

2. Motion-sensitive lighting lowers your home's risk of burglary and, therefore, makes it easier for you to get cheaper home insurance premiums. Burglars will avoid any place where their movement will be easily observed. And motion-sensitive lighting does this exactly. Since thieves avoid houses with such lighting, you lower your home's risk of burglary and, consequently, your premiums.

3. You'll get lower home insurance rates if you build with the right materials. For instance, brick houses are best in regions with high winds while frame buildings are preferred in earthquake zones. So if you reside in the East, you will enjoy more affordable rates if you yours is a brick home. On the other hand, folks who live in the West will enjoy cheaper premiums if they own a frame house because of the earthquakes there. Expect to save at least 5% if you opt for a house with the preferred material.

4. Fixing a sprinkler will get you reasonable discounts. They make a home less vulnerable to fire damage and so makes your home a better risk. Being a better risk means you attract more affordable homeowners insurance rates. Even though they're by no means cheap, they'll bring you good discounts.

5. It is more expensive and very unnecessary to insure the land on which your house is built. People do this without knowing. You've made same mistake if you insured your home for the price you purchased it without checking the cost of the land it is standing on and deducting it.

For folks who've mistakenly done this, meet with your agent and go through your home insurance coverage again. Reduce your coverage to the cost of your house and its contents minus the cost of the land.

With such a review you will lower your homeowner insurance rates by a huge margin and still have adequate home insurance coverage. Always remember that insuring the land your house is standing on is real waste of money since it does give you any added advantage.

6. You could save some hundreds of dollars by just obtaining and comparing quotes from at least five insurance quotes sites. And, it will take you only about 25 minutes on the whole.