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.

---

Discover the Fortune Hiding in Your Insurance Premiums!

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

An Annuities Primer

Though popular among today's aging Baby Boomers and members of... Read More

Health Insurance Providers Online - Benefits to Applying Online

Health insurance providers are going online to find new customers.... Read More

Medical Insurance Overseas

Thousands of people have work related commitments and in order... Read More

Long-Term Care Insurance: Eldercare Solution

When I suddenly had to become a fulltime caregiver to... Read More

Cheap Health Insurance - Health Insurance for The Self Employed

If you're self employed, you may think of health insurance... Read More

Why Dont Women Have Life Insurance?

Traditionally, life insurance companies solicited men as the main breadwinners... Read More

Life Insurance Information

Life insurance is a personal insurance plan designed to pay... Read More

Whole Life Insurance - Whole Life Insurance Information

The original purpose of life insurance was to provide for... Read More

Disability Income Insurance Can Meet All Your Financial Needs

Disability income insurance can cover you in the event of... Read More

Tips for Buying a New Home

My wife and I recently purchased a new home in... Read More

Everybody Wants The Best Term Life Insurance Quote

The information you need about the best term life insurance... Read More

Term Life Insurance Help

Life insurance can be a very scary thing. If you... Read More

Handling Your Motor Vehicle Accident With Your Own Insurance Company

This "How To" article is crucial, up-to-date information concerning what... Read More

Disability Insurance For The Long Term

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

Why Does Health Insurance Cost So Much?

Why does health insurance cost so much? Year after year,... Read More

Accident Factoids

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

Life Insurance Benefits

Life Insurance is a legal contract between you and a... Read More

Discount Auto Insurance - Get Low Rates And Superior Coverage

Auto insurance rates can be quite expensive. If you are... Read More

Is Your Auto Insurance Company Rated?

Several national rating institutions rate insurance companies. Do coverages, rates,... Read More

What is Car Insurance?

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

What Is Health Insurance?

What is health insurance and why do I need it?... Read More

How To Save Money On Your Homeowners Insurance?

In order to save money on your homeowners insurance you... Read More

A Life Insurance Quote Became Reality

Life insurance quoteThank goodness John took his life insurance quote... Read More

Talking to Your Parents About Insurance

Who can you talk to about auto insurance? Insurance agents... Read More

Health Insurance And Insurance Brokers

If you are in the market to purchase your own... Read More

What to Look for in Good Health Insurance

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

Motor Vehicle Accident Insurance Claim Guide

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

Is an HSA a Type of Insurance?

A Health Savings Account (HSA) is not a type of... Read More

Choosing Long-Term Care Insurance

A little over sixty percent of the folks who reach... Read More

Online Health Insurance Quotes - Finding The Cheapest Rates Possible

Shopping for health insurance can be very discouraging when you... Read More

Do You Pay Too Much For Your Car Insurance?

Do the premiums just seem to get higher and higher... Read More

Apply Online for Temporary Health Insurance

There are times when you'll find yourself temporarily without health... Read More