How to Shop Smart for Home Insurance

In this economy it’s more important than ever to save as much money as possible including on your homeowners insurance. There are lots of ways to save money on insurance, but you want to make sure you are never giving up coverage that you may miss in the event of a claim. Here are some of the easiest ways to save on your home insurance premiums without losing valuable coverage.

1) Do your research. What are other homeowners paying for home insurance in your area? Get average rates from the Insurance Information Institute to see what homeowners are paying on average. This will give you a ballpark figure to work from.

2)Find the right agent. Work with an independent agent that can shop your policy with multiple insurance carriers and return comparative home insurance quotes. This will save you time and money since you won’t have to compare policies with multiple agents.

3)Ask for discounts. Insurance companies are offering tons of discounts for everything from security alarms to home-auto packages. Ask your agent to get you every discount you qualify for so that you know you aren’t missing any savings.

4)Set the right deductibles. Typically, the higher the home insurance deductible the lower your monthly premium. However, don’t get stuck with a deductible that’s too high because you may be in financial trouble in the event of a claim. Make sure your deductible is reasonable and talk to your agent about what is best for you.

One Response to How to Shop Smart for Home Insurance

  1. krantcents says:

    Living in earthquake country, I did not want coverage through the state. It was expensive and lower coverage. I found a great agent who was able to find a AAA company to cover me for home insurance and earthquake at a reasonable cost and good coverage.

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