Affordable Homeowners Insurance -- Sure-Fire Advice

With the right advice you'll get more affordable rates for sufficient coverage. But also bear in mind that you could make savings if you get the wrong tips. The only thing is that you will be compromised in the quality of coverage you get. Here are some proven ways to get cheaper rates without putting yourself at risk...

1. There are security and fire systems that are monitored round the clock. You will obtain a big discount apart from the fact that you'll feel safer that your home is being watched by competent professionals. This can reduce your premium by more than 25% depending on your insurance carrier.

Insurance Quotes

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

Let me make this easier to understand...

We'll make believe that you have four policies: Life, health, auto and home. You can expect a huge discount from any carrier with whom you maintain multiple policies. But let's see when that will not be the best route...

I've made up the following quotes just to explain this point...


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


From the list above the total for the four policies with Insurer A is $10,390. With a multi-policy discount of 10% your costs will drop to $9,351. Saving such can be deemed reasonable.

But let's see what you'll receive if you go for the insurer that gives the best premium for each policy...

Insurer A offers the best quote for home insurance at $2,100; Insurer B gives the best car premium at $2,500; Insurer C gives the best in health at $1,900 and Insurer D gives the best rate for life at $2,100. This gives a total of $8,600 even though you weren't given any multi-policy discount.

By extensive shopping and settling for the best prices from different insurers, you'd have spent $751 less than someone of the same profile who bought from the first company with a 10% multi-policy discount.

So spend time to find out which is more beneficial. Spend time to get and compare as many home owners insurance quotes from as many quotes sites as you can. You'll almost always save a lot more if you get and compare quotes from not less than five insurance quotes sites because you will be less likely to miss many great offers.

3. You should obtain a reasonable discount if you have stayed with an insurance provider for 3 years or more. Most carriers will give discounts once you keep your policy with them for three years and above. Nevertheless, I do NOT expect that you stick with an insurer for that long simply because you're waiting to qualify for a loyalty discount.

If it is about paying less, you'll likely still be able to pay lower than you are paying at any time. Do extensive shopping and you'll be pleasantly surprised. Look for insurers that you've never obtained quotes from and get and compare quotes from them.

Insurance Quote

4. You will likely lower your rate if you take time out to review your home insurance policy at least once a year or whenever things change in your house. That expensive fur coat might no longer be worth as much as when you got it.

Reduce your coverage by the right margin if it has dropped in value and, as a result, you will save and still have sufficient coverage. However, bear in mind that doing this could as well reveal that it is now worth a lot more and therefore demand that you increase your coverage.