Affordable Home Insurance -- Proven Recommendations

Anybody who implements time-tested tips will easily attract cheaper rates while maintaining adequate coverage It is equally necessary that I stress that there are ways that might put you at risk even if they help you make savings at the moment. I will, however, only give tips that will save you much while you still maintain sufficient coverage...

1. Install special fire and security gadgets that alert fire stations, police stations or other monitoring centers. Not only will you get a huge discount, you will as well feel more secured bearing in mind that your house is always monitored. This can bring down your premium by more than 25% depending on your insurance carrier.

Insurance Quotes

2. Using the same insurer for more than one policy will attract a discount. This makes you eligible for a multi-policy discount. But you could make more savings with different insurers than you'll get from a multi-policy discount.

I'll explain further...

We'll work in the assumption that you've got life, auto, health and home insurance policies. Maintaining this number of policies with any insurer is sure to get you a considerable discount. But let us see when that will not be the best route...

To explain this we will assume your profile gets the following premiums with different companies...


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


If, for instance, you purchase all your policies from insurer A, your total insurance costs would be $10390. However, your total insurance spend will drop to $9351 if you are offered a multi-policy discount of 10 percent. This is quite remarkable knowing that you will save over $1,000.

Nevertheless, how smart this option is becomes evident when you compare it with what would have been saved if you bought from the provider that had the best rate for each policy...

Insurer A gives the best quote for home insurance at $2,100; Insurer B gives the best auto rate at $2,500; Insurer C gives the best in health at $1,900 and Insurer D offers the best rate for life at $2,100. This will bring your overall insurance spend to $8,600.

This is $751 less than what you will get if you settle for a multi-policy discount.

This might not really be the case for everyone depending on how well you shopped before buying. But, you will do well to check first. Spend time to obtain and compare as many home insurance quotes from as many quotes sites as you can. The wider the range of quotes you obtain, the more you will save because you will be able to spot the cheapest quotes available for your profile.

3. You should get a reasonable discount if you've stayed with an insurance provider for three years or more. Nevertheless, do NOT remain with an insurance provider only for this reason. Make sure you have a good price to value.

I can almost stick my neck out that you can get rates that are considerably less than what you're paying now. Do shop extensively and you'll be pleasantly surprised. Look for insurers that you've never received quotes from and obtain and compare quotes from them.

Insurance Quote

4. You will probably reduce your rate if you take time out to check your home owner insurance policy at least once yearly or whenever there are changes in your house. That special artwork might no longer be worth as much as when you got it.

You'll save and still have sufficient coverage by lowering your home insurance coverage accordingly if it has dropped in value. But understand that the opposite could as well be the case where you'd have to purchase more coverage because it's increased in value. The interesting thing, in spite of all, is that whichever it is you'll be the better for it.