Bryan Stevens: Hi, my name is Bryan Stevens. I'm a former insurance agent and financial consultant and I want to show you the seven best ways to save money on your homeowners insurance.
The first thing you need to do is shop rates. It's amazing how much rates can vary from company to company. Comparing rates from different companies and choosing the cheapest one can save you hundreds of dollars a year on your premium. The easiest way to compare rates is to go on an insurance comparison website, where you can get rates from multiple companies on one site.
Second, increase your deductible. Increasing your deductible can save you a lot of money on your premium. For example raising it from $500 to a $1000 can save you up to 25%.
Third, consolidate your policies. Most companies will give you up to a 20% discount, when you place both your homeowners and your auto insurance policies with them.
Fourth, install safety features. you can get discounts on your policy for installing safety features like smoke detectors and fire alarm systems in your home.
Fifth, install security devices. you can also get discounts for installing security devices such as burglar alarm systems, deadbolt locks and window locks in your home.
Sixth, insure only your home. Most people make the mistake of using the appraised value of their home, which includes the value of their land, for the amount of their homeowners insurance. You only need to insure your home, not your land. Find that how much it would cost to rebuild your home from a local builder or a realtor and use that figure as your insurance amount.
And seventh, ask about discounts. Insurance companies offer a host of discounts such as non smoker discounts, senior discounts, building material discounts and many others. To find out about the discounts that are available to you, ask your insurer.
The best way to save money on your homeowners insurance is to comparison shop online and easiest way to do that is to get rate quotes from an insurance comparison website. Its quick, it's easy and it's free. Visit LowerRateQuotes.com to compare homeowners insurance quotes from top rated companies and see how much you can save. You can get more insurance tips in their article section and get answers to your questions plus get advice on how to lower your premium from an insurance expert by using their online chat service. To visit this site just enter www.LowerRateQuotes.com in your internet browser.
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