Cheap Homeowners Insurance Rate Quote - How to Get the Cheapest

Homeowners insurance rates are on the rise, but there are ways you can save. Follow these tips to get a cheap homeowners insurance rate quote.

Buy Enough Insurance - But Not Too Much

How much insurance do you need to buy? Enough to replace your home and your belongings if they are ever destroyed.

The amount it would take to replace your home is not necessarily the same as the value of your home. You only need to buy insurance for the value of your home itself, not the value of the land it sits on.

Ask a local builder or Realtor to give you an estimate of how much it would cost to rebuild your home. This is the best way to get an accurate number.

To get an idea of how much insurance you need to protect your belongings, you need to do a home inventory by adding up the value of everything you own. This will also be useful if you ever need to make a claim.

Ask about Discounts

You may qualify for discounts that will directly lower the cost of your insurance. Common discounts include ...

* Discounts for alarm systems and other safety features such as smoke detectors, fire extinguishers, window locks, and deadbolts

* Non-smokers discount if no one in your home smokes

* Senior citizens discount

* Auto/home discount for placing your auto and home insurance with the same company

Set Your Deductible As High As You Can Afford

The deductible is the amount you pay toward any claim before your insurer will pay. The higher your deductible, the lower your premium. For example, increasing your deductible from $500 to $1,000 will save you 15% to 25% on your insurance.

Comparison Shop for the Best Rates

Insurance rates can vary by hundreds of dollars from one company to another, so you want to compare rates from different companies to get the best rate.

To make it easy to compare rates, go to an insurance comparison website. After filling out a simple questionnaire you'll receive rate quotes from multiple A-rated insurance companies.

The best insurance comparison websites offer an online chat service so you can get answers to any questions you may have, plus get advice on lowering your premium (see link below).

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