Cheap Home Insurance Tips

There are a number of
things you can do to lower your
cost of buying home insurance:

• Deductible: Usually, the higher
  your deductible, the lower your
  insurance premium. Buy a
  policy with the highest deductible
  you can comfortably afford.
  Think through how much you
  can easily come up with in cas
  e of a disaster and choose a
  deductible that is close to that
  amount, because that is the
  amount of money you will have
  to pay before your insurance
  policy will kick in.
• Safety Features: If your
  home has a burglar alarm or sprinkler system, you may receive a discount on your premium.
• Credit Score: Some insurance companies check your credit rating and determine the price of your policy based on your credit score. The better your score, the lower your premium.
• Past Claims History: The more claims you have filed, the higher your premium may be. Homeowners should think twice before filing an insurance claim for a low dollar loss because the increase in your premium may wipe out any reimbursement you received.

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• Pay Less Frequently: An annual payment for your home insurance premium is usually cheaper than if you choose to pay monthly or even quarterly.
• Automatic Debit: Some insurance companies will give a discount to customers who authorize them to automatically debit their checking account. Be sure to ask your agent about this.
• Special Memberships or Airlines Frequent Flyer Clubs: Insurance companies sometimes run special promotions to attract huge blocks of customers such as those belonging to an airlines’ frequent flyer club, a workers’ union, or government employees. You may be surprised to find out that you qualify for a discount because you are a member of a promotional group.
• Shop Around: There’s nothing like shopping around for saving money. Don’t be intimidated by the fact that you’ve had the same insurance for years. That’s Reason #1 to compare the rates you can get elsewhere.