You can reduce your insurance budget creatively. By this I mean you can find ways of paying several hundred dollars less while maintain the same level of coverage (or even superior coverage). Here are a few things that will help you achieve this (We'll concentrate on one policy for now. But remember, you'll save a policy at a time). . .
1. Having a smoker in your home will raise your premium by a huge margin. And statistics have it that over 23,000 residential fires every year could be linked to smoking. Non-smoking homes get better rates than households with smokers.
If you're a smoker at the time you purchased your policy, you're entitled to a review if you have quit. What if your insurance company refuses to grant you discounts because some companies do NOT give non-smokers discounts? Then it's time to shop for an insurance company who does unless you enjoy something else to justify your continued stay with such an insurance company.
2. You need to make provision for deductibles. The amount you would have to pay for each peril is not the same in all states. The more probable it is for a peril to happen in a state, the higher the deductible it will demand.
For instance, earthquakes are frequent perils in California and the deductibles for earthquakes are far higher in California than Florida which experiences more of wind and water damages.
This is not really to lower your premium but to save you a lot of pain because the law states that you provide the deductible if you make a claim. Find out from your agent what it is for each peril and make good plans for them.
3. Have special fire and security gadgets that alert fire stations, police stations or other monitoring center. You get huge discounts apart from the fact that you will feel safer that your house is being watched by trusted professionals. This can lower your premium by more than 25% depending on your insurance provider.
4. You can reduce your home insurance rates by getting and comparing quotes from at least five reputable quotes sites. If you save on home insurance, then your budget will be altered for good.
Here are recommended pages for home insurance quotes. . .
Low Cost Home Insurance Quotes
Cheap Home Insurance Quotes In Minutes
Chimezirim Odimba writes on insurance.