Do you ever get the feeling that you're paying way too much for your homeowners insurance? You probably are! Most people have absolutely no idea how much they should be paying for their insurance, and the ones that do don't know how to get their numbers from fantasy to reality! The good news is that setting yourself up with affordable home insurance isn't as hard as most people think. In fact, once you understand what makes your insurance tick you should find saving money to be as easy as 1-2-3.
1. Shop around! A recent study into car insurance companies (many of which, coincidentally, also provide their customers with homeowner's insurance policies) revealed that most drivers were paying too much for their insurance coverage. Why? Because they were blindly renewing their policy year after year without checking to see if they could get a better deal somewhere else!
See, insurance companies like to roll out the red carpet to their new customers. That means that not only do they get the more knowledgeable salespeople on the first calls (have you ever wondered what happened to that sweet, smart young man that sold you your insurance policy in the first place) they also get the better deals. New customers were paying up to 20% less for the exact same coverage.
Needless to say, these drivers weren't amused.
If you're paying too much for your homeowners insurance policy, take the time to look around. With online quote finders shopping for home insurance quotes is a breeze, and it will give you an excellent idea of how much you should be paying for your home insurance.
It'll also give you some great leads when you decide you have enough of paying too much for homeowner's insurance and decide to take a flying leap-right into the waiting arms of the competition.
2. How insurance friendly is your home? Home insurance companies are funny in that they like to be fairly certain the houses they insure are going to be able to stand the test of time before they sign on the dotted line. That means if your house has seen better days, you live in a high risk zone and haven't taken proper precautions or your wiring isn't up to code, you might not be able to get insurance-period.
Your home's security is also going to be a sore spot for your homeowners insurance provider. If you're residing in a part of the country with a high crime rate (check out the FBI.gov website if you want to find out where your part of the country falls on the bad to worst scale) you're going to be paying more for your insurance coverage-especially if you're still getting by with a dime store door lock!
Pumping up your home's security with double paned Anderson windows, which are MUCH harder to break through, and investing in a dead bolt and an electronic security system will go a long way toward lowering the cost of your home insurance rates while keeping your family safe.
3. Combine your policies. By blending your auto insurance and your homeowners insurance into a single umbrella policy you can save 5-10% on both, just because your insurance provider is so happy to continue doing business with you!
See? Easy as 1-2-3. If you use all of these strategies, mixed with a healthy dose of savvy shopping, you'll be saving 20% or more on your homeowners insurance in no time.
Anthony M. Peck is the Senior Developer, Software Project Manager, and Director of Business Development for QuoteScout.com, where they're helping homeowners get the best home insurance rates. For more information visit them at http://www.QuoteScout.com.
Orignal From: Stop Paying Too Much for Homeowners Insurance!
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