Everyone in their right mind would be quite glad to discover a way to enjoy cheaper rates provided such a way will NOT downgrade the scope of coverage they get. Here are steps that will help you get considerable discounts without difficulty...
1. It's more expensive but needless to insure the land on which your home is standing. A good number of people pay much more than they should on home insurance due to this mistake. Insuring your home for the full price you bought it without deducting the land's worth is an expensive error.
If you made such a mistake, you need to re-evaluate your home insurance coverage and check it again with your agent. Reduce your coverage to the cost of your house and its contents minus the land's cost.
This means you will spend far less on home insurance. Don't ever forget that insuring the land your house is built on is real waste of money because it does NOT give you any added advantage.
2. You will spend more or less depending on your credit history. The lower your credit rating, the higher the rates you attract. A poor credit rating suggests that you've not been paying your bills promptly. This is a behavior that most insurance carriers believe will play out again in the way you pay up your premiums. This makes you less attractive to them and you, therefore, are made to spend much more than some other person with the same profile that has a very good rating.
It will, therefore, be a good step to do something about making your credit rating better. You will get cheaper rates if you do.
3. Choosing to pay your premiums monthly results in higher rates than you'd spend if you decide to pay annually. This is because posting 12 payment notices by mail monthly costs your insurer a lot.
If you include the fact that each check you make out is seen as a transaction by their bankers, you'll see that they still pay some more on transaction fees for each check you pay in. 12 checks mean Twelve transactions and will draw 12 separate fees.. These and other costs so incurred by your insurer are eventually paid by you, the policy holder..
You will make reasonable savings if you choose to pay yearly. The real amount you could save may differ but you may be able to save up to a month's premium worth with most insurers if you settle for this option.
4. Ensure that the exterior of your home is fire-safe and your rate will be more affordable. Having things that are very inflammable or that help combustion around your dwelling will make you pay more expensive rates. Even though cutting bushes around your home looks mundane, you will get cheaper premiums if you do maintain them at a distance of at least ten feet from your structures. Fire-safety is a strong factor that is used to calculate what you pay as premiums.
5. You will get cheaper rates if you've got motion-sensitive lighting for your home's exterior. Burglars will keep off from places where their movement will be easily observed. And motion-sensitive lighting does just that. Your rate will be reduced you have lowered your home's risk of burglary with this kind of lighting.
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Get more tips at Home owners Insurance Quote and Renters Insurance Quotes . Chimezirim Odimba helps people get sufficient insurance coverage for less.
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