|
|
7 Sure-Fire ways of reducing your home insurance premium
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...
Bread, Milk and Car Insurance
With increased competition between supermarkets to gain market share and improve profitability, the range of products on offer is getting ever diverse. Now, the big three chains, Tesco, Sainsbury’s and Asda have caught on to the fact that their...
Canada’s Aging Baby Boomers: Planning Health Insurance for the Future
The first of Canada’s aging baby boomers are poised to turn 65, and with this milestone birthday comes a variety of new health care concerns. In response to these changing medical needs, the Canadian health care system is preparing to handle some 10...
Everything You Need To Know About Choosing A Health Insurance Plan
The purpose of health insurance is to protect you from the alarming cost of medical care by providing you with insurance coverage for specified health and medical care services. Generally, you will pay a monthly premium, a deductible, and...
Life Insurance Fears Following The London Bombings Tragedy
Following on from the tube train and bus bomb attacks in London there was a move from several UK insurance companies to reassure victims that claims would be processed “quickly and sympathetically”. This need for reassurance came in light of...
|
|
|
|
|
|
|
|
7 Sure-Fire ways of reducing your home insurance premium
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!
About the Author
"@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.
|
|
|
|
|
Insure.com Car Insurance Quotes, Term Life Insurance Quotes, Auto ... |
Insure.com provides instant online car insurance quotes, term life insurance quotes, auto insurance quotes, health insurance quotes, home insurance quotes, ... |
www.insure.com |
  |
Insurance Information Institute (III) |
Attempts to improve public understanding of insurance -- what it does and how it works. The site is subdivided into sections for "Individuals" (consumer ... |
www.iii.org |
  |
State Farm Insurance Companies |
Provider of auto, health, home and life insurance. Get quotes and agents listings. National headquarters. |
www.statefarm.com |
  |
Allstate - Official Site - Auto Insurance, Home Insurance ... |
Offers insurance for autos, homes, property, life, mortgage protection, and business. Site includes many useful calculators and tools, an agent locator, ... |
www.allstate.com |
  |
Progressive Auto Insurance - Car Insurance Quotes Plus Boat, RV ... |
Provides instant online auto insurance quotes, insurance rate comparisons. Offers motorcycle, RV, boat, or car insurance. Purchase insurance online. |
www.progressive.com |
  |
Insurance - Wikipedia, the free encyclopedia |
It cannot put the insurance company in financial jeopardy. ... If the insured does not perform then the insurance company does not have to perform. ... |
en.wikipedia.org |
  |
Cheap annual travel insurance | single trip holiday insurance quotes |
Cheap quotes for annual travel insurance and single trip holiday insurance online with moneysupermarket.com. Over 450 policies compared in seconds... |
www.moneysupermarket.com |
  |
California Department of Insurance |
Works to foster an insurance market that is fair, competitive and accessible to all Californians. Site designed to assist consumers, aid in the licensing of ... |
www.insurance.ca.gov |
  |
Insurance: Car, Auto, Life, Home, Business and Investment Services ... |
Nationwide offers insurance and services including: car insurance, auto insurance home owner insurance, business insurance as well as investment services. |
www.nationwide.com |
  |
GEICO Car Insurance. Get an auto insurance quote and save today ... |
Offers auto and motorcycle insurance. Request quotes online or by phone. File claims online. |
www.geico.com |
  |
Insurance Center - Yahoo! Finance - Find the Right Insurance for ... |
Insurance Center - Protect and insure your assets with comprehensive resources about auto, home, health and life insurance. |
insurance.yahoo.com |
  |
Compare Auto Insurance Quotes from Top Auto Insurance Companies |
America's #1 online insurance agency. Compare instant auto insurance quotes, car insurance quotes, life insurance quotes, home insurance quotes, ... |
www.insurance.com |
  |
Car Insurance, Home Insurance, Travel Insurance, Life Insurance UK |
Provide travel, home contents and car insurance for professionals, graduates and students. |
www.endsleigh.co.uk |
  |
Home Insurance Quotes, Car Insurance Quotes - Lloyds TSB Insurance |
Home Insurance Quote, Car Insurance Quotes, cheap Travel Insurance, Pet Insurance, Business Insurance. Up to 15% discount for buying insurance online. |
www.insurance.co.uk |
  |
Car insurance, Home insurance, Life insurance & more - Direct Line |
Direct Line offer car insurance, home insurance, life insurance, travel insurance, mortgages, personal loans,breakdown cover and much more! |
www.directline.com |
  |
PA Department of Insurance |
State regulatory authority. Site provides information for consumers, producers, and the insurance companies themselves. |
www.ins.state.pa.us |
  |
Texas Department of Insurance |
Regulates the state's insurance industry, encouraging competition to make insurance available and affordable. [some content available in Spanish] |
www.tdi.state.tx.us |
  |
Life Insurance (U.S. Department of Veterans Affairs) |
Informationa about all Life Insurance programs administered and supervised by VA. |
www.insurance.va.gov |
  |
Insurance for Canada and the United States by RBC Insurance |
Specializes in life, health, travel insurance, and annuities for middle income families in Canada and the United States. Site offers individual, family, ... |
www.rbcinsurance.com |
  |
Free Auto, Health, Life and Homeowners Insurance Quotes - MSN Money |
Get free auto, health, life and homeowners insurance quotes from top insurance companies in the country. Find the latest news and information related to ... |
moneycentral.msn.com |
  |
|