How to Pay the Highest Home Insurance Rates- What to Avoid

What Not to Do!

1- Get Just One Quote, from One Company-One the easiest ways to spend too much on home insurance is to get one quote from a direct carrier and not shop around. If you want to get the best deal- shop around!  Or use a service like HomeInsurance.com’s Free Shopping Service which allows you to get the best rate from a number of different companies.

2-Don’t ask for Discounts-Did you know there are over 60 combination discounts available to homeowners and drivers?  Most likely, there are at least a handful that apply to you.  Sometimes the easiest way to save- is just to ask.  “Can I get a discount for my deadbolts, smoke alarms, multi-line (car and home) policy?” You’d be surprised how many discounts you may qualify for.

3-Set your Deductible Too Low- Deductibles are tricky- because while you don’t want to put yourself in financial distress in the event of a claim, you also don’t want to be paying a really high monthly premium. The lower your deductible, the higher your monthly premium- and vice versa.  Be sure to set your deductible to a number you are comfortable with and review it regularly.

4-Insure your home and car with different companies- insurance companies offer huge discounts for customers who insure both their car and home with their company.  For example, homeowners who want a home-auto policy can save up to 20% on their home policy at HomeInsurance.com.

5- Don’t review your policy-By not reviewing your homeowners policy every few months- you may be inadvertently paying too much.  As time goes by your needs as a homeowner change- and what you were paying for 12 months ago may not still be applicable. Need some expert advice?  Get a free consultation and review of your policy with a HomeInsurance.com bu filling out this homeowners iinsurance quote form.