Home Insurance Rates - Lowering your Premiums by 50% isn't that Hard

Everyone knows about that old saw - the three most important qualities for a good parcel of real estate to possess are location,location and location. Actually, it isn't just real estate (or hotels) that that rule would apply to. Trying that rule on home insurance rates, you would find that it made for a pretty good fit. Try to compare what home insurance costs at locations across different states in the country, and the most expensive state you would find, was about $1000 costlier than the least expensive one. In the US, residents of Florida pay the highest home insurance rates of any state in the country - around $1500 a year on average; lucky homeowners in Idaho on the other hand, pay barely $425. Isn't there anything you can do other than packing up and moving to Idaho, to bring a little sense to prevail on your home insurance rates?

Luckily, there is. Savvy homeowners make a number of adjustments to their home insurance policies to more or less find the same effect as a cheaper location. For instance, if you would apply to have your deductible raise from, say, $600 to about $1100, that would give you a 25% discount on your premium. There is really nothing much that is likely to happen to your home; signing yourself up for a higher deductible will really not cost you much when the contingency planned for does occur one day. Paying 25% extra every year actually would cost yoiu a considerable sum.

The next thing you could do to whittle down your home insurance rates would be to establish a kind of business loyalty with your insurance provider. Get your life insurance, your car insurance and your home insurance all with the same vendor and take advantage of a 10% discount. There are all kinds of home improvements you could have done that could win your insurer's approval and net you a premium discount. For instance, putting down a new roof, changing your entire plumbing system, setting up a new alarm system or upgrading your fence would win you points. You can count on a 10% discount depending on the kind of improvement you have carried out.

And finally, make sure that you have a knowledgeable agent look your policy over from time to time. If, for instance, you happen to live in an area that never had coverage by a fire station in the area, that would mean high home insurance rates. Should you learn that a new fire station has come up in your area, you should tell your insurance agent about it. You could actually save up to 50% on your premiums. Saving on your home insurance is all about doing things for your home to make it safer and telling your agent about them. Keep this in mind, and you should come out on top.