| 1. Just as a newly built house attracts reduced | | | | with the same insurance company more than |
| rates, you get discounts if your house undergoes | | | | three years. The longer the time you stay loyal |
| a renovation. The reason for this isn't hard to | | | | to an insurance company, the higher the |
| guess since we all understand that once a house | | | | concession you get. The rebates you get for |
| is renovated, it's as good as new and as a result | | | | remaining with an insurance company may be |
| the owner is very unlikely to make a claim for | | | | smaller than what you'll gain by switching. Knowing |
| repairs soon. All renovations won't bring similar | | | | which is better for you is very easy. You can |
| savings since the degree of renovation done is | | | | know for sure by getting quotes from as many |
| rightly a defining factor. You can find out what | | | | insurers as you can and then compare savings |
| you'd get as discounts if you ask an agent. | | | | you'll realize if you switch with what your current |
| 2. Don't add the cost of the land when you apply | | | | insurer gives as concession. |
| for your homeowners insurance policy. You insure | | | | 7. You'll get a cheaper Geico home owners |
| the home to get coverage from perils that could | | | | insurance premium if you opt for a higher |
| make you lose it. No matter what happens, the | | | | deductible. |
| land on which your house is built will still be where | | | | A deductible is the amount a policyholder must |
| it was. When you apply, remember to deduct the | | | | pay before his/her insurer becomes bound by law |
| land's value. If you fail to do this you'll be buying | | | | to pay as indicated in the terms of their policy. |
| far more insurance than is necessary. You'll simply | | | | The least deductible normally in home insurance is |
| be spending a lot more than you should. | | | | about $250. By increasing your deductible to $500 |
| 3. You'll attract more affordable rates if your | | | | you'd likely realize savings of about 12%. |
| home is better secured. Certain security systems | | | | Increasing it more to $1000 may result in |
| will attract discounts of about 5 percent. Certain | | | | twenty-four percent discount. Different insurance |
| insurers take it even further and offer between | | | | companies could offer more or less so check with |
| 15-20% reduction in rates if you get special fire | | | | your agent before you make this decision. |
| and security systems that ring at a police station, | | | | 8. Get and compare quotes from not less than |
| fire station or any monitoring outfit. Just bear in | | | | three quotes sites. Although Geico home owners |
| mind that such devices must be such | | | | insurance rates might be good for your profile, |
| recommended by such an insurer for you to | | | | some other reputable insurance companies might |
| qualify for such huge discounts. The huge | | | | have rates that are up to 50% less. |
| markdown you get might not be worth it since | | | | Requesting quotes from a minimum of three |
| these advanced systems cost quite a lot. | | | | quotes sites increase the chances that you'd get |
| 4. A home of smokers will attract expensive | | | | more affordable home insurance quotes. This is |
| premiums. Your home insurance rate will be less if | | | | because insurance companies not represented by |
| any smoker in your household quits. More than | | | | one site would be represented by the other. And, |
| 20,000 residential fires are traceable to smoking | | | | you should understand that because the likelihood |
| yearly. Do bear in mind that some insurers may | | | | of getting lower home insurance quotes has to do |
| not offer any markdowns for this. | | | | with the number of quotes you obtain, the more |
| 5. If you're retired, you've qualified for discounts in | | | | insurers you get quotes from, the higher your |
| home insurance from certain home insurance | | | | chances will be. Requesting for your home |
| providers. This discount is based on the thinking | | | | insurance quotes online will help you save much |
| that retirees spend more time to look after their | | | | more if you sacrifice just 15 minutes to obtain |
| home and are also likely to spot fires more easily. | | | | quotes from a minimum of 3 quotes sites. |
| 6. Rebates are usually given to those who remain | | | | |