How to Get the Lowest Homeowners Insurance Rates

Looking for the lowest homeowners insurance rates? You can save money and get the cheapest rates by following a few simple tips.


Set the Deductible High

The deductible is the amount you pay toward a claim before the insurance company kicks in money. The higher you set your deductible the lower your premium will be. For instance, raising it from $500 to $1,000 can save you up to 25%.

In addition, if your deductible is high, you'll be more likely to take care of small expenses yourself rather than submitting them as claims - important because submitting numerous claims can lead to a higher insurance rate.


Think about the Coverage You Need

How much would it cost you to rebuild your house in case of a total loss? How much would it cost you to replace the contents of your house? Do you have jewelry, furs, fine art, electronics, or other property that needs additional property coverage?

Do you live in a flood plain and need additional flood insurance? Do you need additional liability insurance to protect your assets in case someone is injured on your property or you damage someone else's property?

These are all questions you should ask yourself before you begin searching for homeowners insurance so that you buy just the insurance coverage you need in order to protect yourself and your family.


Think about Discounts

Insurance companies offer numerous discounts that will lower your insurance premiums. You'll often find that you qualify for a discount you didn't even know about, or that you can qualify for additional discounts by making simple changes in your home.

For example, an insurance company may offer a 5% to 10% discount if all exterior doors to your home are equipped with deadbolts. If you have doors without deadbolts, it would be easy and relatively inexpensive to have them installed in order to qualify for this discount.

So when you're shopping for insurance, be sure to ask about all the discounts you might be eligible for.


Go Online to Compare Rates

Shopping online at an insurance comparison website is the best way to save the most money on your insurance. An insurance comparison site lets you quickly and easily compare quotes from various companies so you can find the lowest rate.

With premiums varying by hundreds of dollars for identical policies from different companies, getting quotes from several companies just makes sense.


Where to Get the Lowest Homeowners Insurance Rates

Visit http://www.LowerRateQuotes.com/homeowners-insurance.html or click on the following link to get the lowest homeowners insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.


The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written numerous articles on getting the lowest homeowners insurance rates.