Homeowners Insurance -- Seven Sure Tips

Contrary to what you might have thought, it is quite easy to position yourself for a lower rate. You just need the right tips and the resolve to implement what you'll learn to get a cheaper rate. We'll now take a look at several sure-fire ways to get better rates...

1. It's more expensive but very unnecessary to insure the land on which your home is built. People who ignorantly do this pay for more insurance than would do them any good. They just insure their house for its entire value without removing the land's cost.

For those who have ignorantly done this, call your agent and go through your home insurance coverage again. Subtract the value of your land and buy coverage only for your structures and its contents.

Your premium will be cheaper and you'll still have adequate coverage if you do this right. Always remember that insuring the land your house is standing on is real waste of money because it does NOT give you any added advantage.

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2. You will pay more or less depending on your credit rating. Folks who have excellent ratings pay far less than those who have poor ratings. What your credit rating reveals is how you treat your bills and it speaks negatively about you if it's a poor one. This is a behavior that most insurance carriers believe will be exhibited in the way you pay up your premiums. If you're considered a potential defaulter, it makes you a higher risk and draws much higher rates than otherwise.

So do your utmost to clear all your bills in a timely manner. You'll attract lower rates if you do.

3. You'll get more affordable rates if you choose to pay your rates yearly and not every month. This is because posting 12 bills by mail monthly costs your insurer much.

As if that was NOT enough expense, each check you send attracts a transaction fees as well. They pay transaction charges twelve times instead of once yearly for monthly payments. And, if you really come to think of it, these extra overheads are ultimately built into your rates.

You will get reasonable savings if you choose to pay yearly. What you'll save could be as much as 8.5% of your total monthly payments over the course of just a year.

4. Make sure that the exterior of your house is fire-safe and your rate will be more affordable. You'll be doing the right thing if you ensure there's nothing that's inflammable close to your building. Although cutting bushes around your home looks mundane, you'll get cheaper rates if you do keep them at a distance of at least 10 feet from your building. The likelihood of fire in a home is one very strong issue that determines your home insurance premium.

5. Motion-sensitive lighting lowers your home's risk of burglary and, therefore, helps you get lower home insurance premiums. Burglars naturally don't like to operate in any place they could be easily noticed or caught. The risk of burglary is a key factor in calculating a home's risk to an insurer and, by extension, your premium.

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6. Dead-bolt locks on all your exterior doors will help you attract a more affordable rate. This makes it difficult for intruders or burglars to have their way. The more protected your home is against burglary, the less the risk involved in insuring it.

7. Do you have locks on each of your windows? If you do NOT you will be paying more because of that. You can take this to another level by building in burglary-proof bars on them all. If you're not one of those people who insist that having such makes them feel imprisoned in their own house, have them fixed if you intend to lower your home insurance rates considerably.
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