7 Sure-fire Ways of Reducing Your Home Insurance Premium

Home security improvement:

All insurance companies will happily offer you a discount for burglar alarms and smoke detectors. Homes with fire and burglar alarms that communicate with a third party monitoring company receive a higher discount on their insurance premiums.

When possible, choose a higher deductible:

To reduce your premium, it is best advised to increase the deductible to the extent you can afford. Your home insurance premium will fall by as much as 20% if you increase the deductible from $200 to $1000.

Multiple insurance ? Same provider:

If you consolidate your home insurance and auto insurance with one insurance company, expect a premium reduction between 10 ? 15%. This also means you are making one payment for all your insurance needs. Consolidate and win.

Discount for non-smokers:

Some home insurance companies will offer a non-smoker discount to the tune of 15%. Check with your insurance company if they offer a non-smokers discount.

How far is the fire station?

If you live more than 5 miles from the nearest fire station and more than 1,000 feet from a fire hydrant, you can expect a higher premium. Also if you live in the country, you will probably pay higher insurance rate than if you were living in the city.

Type of construction:

The construction type of your home also plays an important role in determining your insurance premium. A wood frame home will cost more to insure than the one built mostly of concrete.

Claims free record and renewal discounts:

If you have not had a claim under your current home owners policy for the past 3-5 years, you will get a 15% discount on your premium. Expect additional discount if your policy has been in force with the same insurance company for 3 years or more.

Conclusion:

I am hopeful you have gained preliminary knowledge on the subject of home insurance premiums. With these helpful tips you will be able to understand and demand discounts on your home insurance premiums. Good Luck!

Copyrights 2005 - Bill A Smith is an insurance agent and insurance advisor for Sunshine home and auto insurance services. Bill has over 10 years of experience in providing insurance services to clients.

---

Bankers Long Term Care Insurance

How many times have you seen people whose life was... Read More

What to Look for in Good Health Insurance

Health insurance is a kind of protection that provides payment... Read More

Keys To Controlling The Future of Health Care

Several key changes are necessary to get control of the... Read More

Car Insurance Online ? Benefits of Applying for Auto Insurance Online

Drivers are applying for auto insurance online not just for... Read More

What Does Buildings Insurance Cover?

You will find that your lender will insist that you... Read More

Consequences of Late Insurance Payments

Did you realize that it could cost you more than... Read More

Auto Owners Insurance ? Do You Really Need It?

If you think you don't have any need for auto... Read More

Discover the Fortune Hiding in Your Insurance Premiums!

Ever thought about how to save money? Sure you have,... Read More

What is Car Insurance?

Car Insurance is compulsory in the UK. You are required... Read More

Motor Vehicle Accident Insurance Claim Guide

This is a FREE Insurance Claim GuideYour "Motor Vehicle" can... Read More

An Intro To Auto Insurance

Although premiums, policies and prices vary widely, the mandate does... Read More

Indemnity Insurance For Landlords

As a property owner it is essential to protect yourself... Read More

Types of Life Insurance

There are different types of life insurance policies available. Shop... Read More

Term Life Insurance - A Safeguard for Small Business Owners

Term life insurance can offer protection for a small business... Read More

Car Insurance Gearing up to Drive Down Costs

For once finances seem to be going in favour of... Read More

Health Insurance Coverage

Health insurance is something that everyone needs today. The rising... Read More

How To Take The Guesswork Out Of Buying Term Life Insurance

Protecting your family is the single most important thing any... Read More

How To Negotiate A Settlement With An Insurance Claims Adjuster

You and I. M. Strong, the adjuster from Granite Mountain... Read More

How Do I Calculate How Much Life Insurance I Need?

Life insurance protects you and your family from economic hardship... Read More

Theres No Problem Getting Texas Auto Insurance in Texas

Everything is big in Texas and so it is with... Read More

Alternate Risk Transfer (ART) - Insurance Strategies

Risk ManagementAlternate Risk Transfer is a fancy way of saying... Read More

Health Insurance 101 for Individuals and Families

The changing healthcare and health insurance landscape in the United... Read More

Are Accidents More Likely To Occur Closer To Home?

If you are going to be involved in an accident,... Read More

Health Insurance Plans and their Differences

Health insurance plans have changed dramatically over the past ten... Read More

Term Life Insurance on Your Business Partner

Life insurance is something we often take out to protect... Read More

Car Insurance Monitoring for Discounted Insurance Rates - Privacy Devouring Monster Eating Us One Bi

For a price, would you let car insurer along for... Read More

What is Life Insurance?

Life Insurance is an insurance policy that provides an agreed... Read More

Why Should I Go To A Life Insurance Broker?

A life insurance broker is a dedicated person that encourages... Read More

Life Insurance Fears Post the London Bombings Tragedy

Following on from the tube train and bus bomb attacks... Read More

Homeowners Insurance at a Glance

At first glance, homeowners insurance may seem perplexing and quite... Read More

5 Strategies To Reduce Your Car Insurance Premiums

Your latest car insurance bill has arrived and it is... Read More

Accident Factoids

Accidents, personal injuries and insurance claims are here to stay.... Read More

Disability Insurance For The Long Term

Disability insurance covers you for an extended period of time.... Read More