--1 Just as a brand new house gets lower rates, you get savings if your home undergoes a renovation.
The reason for this is that in the same way the systems and features of a new home are in perfect shape, a renovated house also has its structures and features restored to top condition.
The scale of the renovation done will determine by what factor your rate will be lowered.
Simply ask your agent.
--2 Subtract the value of your land when you buy your homeowners insurance policy.
You do not need to get coverage for the land on which your home is built.
No matter the peril, the land on which the home is built will still be where it was.
Remember to use the cost of your home minus the land when you apply.
People who unknowingly fail to do this pay for far more insurance than will be of any use to them.
This translates to higher avoidable premiums.
--3 You'll attract more affordable premiums if your house is well secured.
You might save about five percent if you have dead-bolt locks and burglar alarms.
Certain insurers offer between 15 and 20 percent discounts if you get advanced fire and security devices that ring at a police station, fire station or any monitoring outfit.
Just bear in mind that those systems must be such recommended by such an insurer for you to get such huge markdowns.
If you take into consideration how expensive those special security systems are, the discounts you get for installing them may not really be worth it.
--4 Smokers get more expensive homeowners insurance premiums.
It will save you much if no person in your household smokes.
Statistics show that around 23,000 residential fires result from smoking.
Please, take note that some insurance companies may not have any markdowns for this.
--5 You may qualify for markdowns of up to ten percent with a number of insurance companies if you're retired.
This discount is based on the assumption that retirees have more time to take care of their home and are as well likely to spot fires more easily.
--6 Associations could arrange discounts for members.
Check with any association or group you belong to.
You might already have discounts that have been negotiated for you.
But note that you may pay less with another insurance company despite the discounts given to your association depending on your peculiar requirements and profile.
This is one of the main reasons I ask people to take some time out to obtain several quotes.
Every insurance expert knows that this is the sure way you can know whose the best offer is.
--7 Concession are usually available to folks who remain with an insurance company more than three years.
Your rebate increases the more the years you stay put with the same insurer.
The discounts you get for remaining with the same insurance company may be far less than what you'll save by switching.
It's quite easy to know where you'll enjoy more with insurance quotes sites.
You can know for sure by obtaining quotes from as many insurance companies as possible and then compare savings you'll make if you switch with what your present insurer offers as loyalty discount.
--8 You'll get a more affordable premium if you choose to pay a higher deductible.
For folks who don't know what a deductible is, it's an amount you must pay if you file a claim before your insurer pays as defined in your policy terms.
For homeowners insurance policies, your deductibles will usually start from $250.
Raising your deductible from $250 to $500, for instance, might save you around 12 percent.
Raising it further to $1000 might get a twenty-four percent discount.
Some insurance companies may offer more or less therefore check with your agent before you finalize your choice.
--9 Take out some time to visit not less than three insurance quotes sites that offer quotes on home insurance policies.
This will take you not more than 15 minutes.
While you visit each quotes site, make sure you give the same information.
Doing otherwise will give you misleading results.
When you've obtained your home insurance quotes, compare them to see which serves your interest best in price/value.
The reason for this is that in the same way the systems and features of a new home are in perfect shape, a renovated house also has its structures and features restored to top condition.
The scale of the renovation done will determine by what factor your rate will be lowered.
Simply ask your agent.
--2 Subtract the value of your land when you buy your homeowners insurance policy.
You do not need to get coverage for the land on which your home is built.
No matter the peril, the land on which the home is built will still be where it was.
Remember to use the cost of your home minus the land when you apply.
People who unknowingly fail to do this pay for far more insurance than will be of any use to them.
This translates to higher avoidable premiums.
--3 You'll attract more affordable premiums if your house is well secured.
You might save about five percent if you have dead-bolt locks and burglar alarms.
Certain insurers offer between 15 and 20 percent discounts if you get advanced fire and security devices that ring at a police station, fire station or any monitoring outfit.
Just bear in mind that those systems must be such recommended by such an insurer for you to get such huge markdowns.
If you take into consideration how expensive those special security systems are, the discounts you get for installing them may not really be worth it.
--4 Smokers get more expensive homeowners insurance premiums.
It will save you much if no person in your household smokes.
Statistics show that around 23,000 residential fires result from smoking.
Please, take note that some insurance companies may not have any markdowns for this.
--5 You may qualify for markdowns of up to ten percent with a number of insurance companies if you're retired.
This discount is based on the assumption that retirees have more time to take care of their home and are as well likely to spot fires more easily.
--6 Associations could arrange discounts for members.
Check with any association or group you belong to.
You might already have discounts that have been negotiated for you.
But note that you may pay less with another insurance company despite the discounts given to your association depending on your peculiar requirements and profile.
This is one of the main reasons I ask people to take some time out to obtain several quotes.
Every insurance expert knows that this is the sure way you can know whose the best offer is.
--7 Concession are usually available to folks who remain with an insurance company more than three years.
Your rebate increases the more the years you stay put with the same insurer.
The discounts you get for remaining with the same insurance company may be far less than what you'll save by switching.
It's quite easy to know where you'll enjoy more with insurance quotes sites.
You can know for sure by obtaining quotes from as many insurance companies as possible and then compare savings you'll make if you switch with what your present insurer offers as loyalty discount.
--8 You'll get a more affordable premium if you choose to pay a higher deductible.
For folks who don't know what a deductible is, it's an amount you must pay if you file a claim before your insurer pays as defined in your policy terms.
For homeowners insurance policies, your deductibles will usually start from $250.
Raising your deductible from $250 to $500, for instance, might save you around 12 percent.
Raising it further to $1000 might get a twenty-four percent discount.
Some insurance companies may offer more or less therefore check with your agent before you finalize your choice.
--9 Take out some time to visit not less than three insurance quotes sites that offer quotes on home insurance policies.
This will take you not more than 15 minutes.
While you visit each quotes site, make sure you give the same information.
Doing otherwise will give you misleading results.
When you've obtained your home insurance quotes, compare them to see which serves your interest best in price/value.
Source...