Save on Homeowners Insurance

The cost of homeowners insurance can range from a few hundred a year to over $2,000 depending on the size of your home and the state where your home is located. Homes in the Dallas Fort Worth area are a lot more costly to insure than a home in Utah or Arizona. However, no matter where your home is located or how big the home may be, there are some easy tips to save money on homeowners insurance.

Shop Around
Homeowner insurance will be different depending on which company's quote you may be looking at. It is always a good idea to shop around and get at least 4 homeowners insurance to compare prices. We have a service that lets you fill out one quote form and recieve multiple offers from leading insurance companies. This will save you time and money. The important thing is to not only compare price but make sure you are comparing coverages. Also, check out the company's reviews online to make sure there have not been any trouble with claims from other consumers.

Raise Deductible
Raising your deductible to at least $500 or even better, $1,000 will save you as much as 10-20% off your homeowners premium. If your home is in an area where disasters occur frequently, the insurance company may have separate deductibles for any damage caused by major disasters. For example, some companies in Florida will have this for hurricane damage.

Home and Auto Insurance Discounts
A lot of insurance companies will offer really good discounts if you buy both your auto insurance and homeowner's insurance from them. Sometimes this is not the case though, so it is still a good idea to verify with a few insurance companies.

Make Home More Disaster Resistant
While you won't be able to completely protect your home from disasters, you can limit the damage the disaster could potentially cause. For example, if you live in a place where windstorms and hailstorms fall on a frequent basis, you can add some storm shutters and shatter proof glass to prevent windows from breaking easily.

Cost of House vs. Rebuilding Cost
If you bought your home 5 or more years ago, the rebuilding cost of your home may be more than likely be more than the cost of the home. Realize that the cost of the lot (the land the home is built on) should not be insured. Fire or windstorm cannot really do much damage to the land itself. Some places, lots cost as less as $2,000 while in some places in California, the lots are well over $300,000.

Home Security Discounts
Homeowners insurance insurers will usually offer discounts if your home has security devices such as burglar alarm, dead bolt locks, alarm system or some other type of alarm system. The discounts can be as much as 10-20% depending on the insurance company.

Other Discounts
Other discounts can include having a smoke detector or sophisticated sprinkler system. Just ask the agent if there are anymore discounts that may be available to you.