Comments on: home owners insurance shopping around?

By: oahurealestate

oahurealestate — Fri, 07 Aug 2009 19:57:30 +0000

5 Ways to cut your premiums

Upgrading your homeowners coverage will probably result in higher premiums. So take advantage of the following cost-shaving suggestions.

Shop and then shop again. Prices vary from one company to another. Call insurers to compare prices, or check their Web sites. Your state insurance department may also list prices offered by major insurers.

Ask about discounts. Many companies will cut your rate by as much as 10 to 15 percent if you are over age 55. Some companies will also grant you discounts for smoke detectors, burglar alarms, or dead-bolt locks.

Reap rewards for loyalty. Some insurers cut premiums by 5 percent if you’ve been with them for three to five years. If you’ve stuck with the company for more than six years, you may be able to land a 10 percent discount.

Raise your deductible. Increasing your deductible from $500 to $1,000 should cut your premium by 25 percent.

Bundle your plans. If you use the same insurer for your homeowners and auto insurance coverage, you should be able to qualify for a discount of 5 to 15 percent on each of your policies

By: Tony D

Tony D — Thu, 06 Aug 2009 02:22:43 +0000

Describe the coverages and deductibles you want and let them come to you with quotes. I have found USAA to be very low, and AAA close behind. Your mortgage lender probably offers coverage as well, couldn’t hurt to call them for a quote.

By: paul b

paul b — Mon, 03 Aug 2009 02:30:37 +0000

Only tell them the specifics of your coverage, do not give them the amount you currently spend. Try to find mutual companies near your home. They generally give the best rates. You’ll be shocked how much cheaper a mutual company can be. I was spending over 500 a year and the mutual company quoted me 50.

By: Beverly S

Beverly S — Thu, 30 Jul 2009 18:30:01 +0000

By faxing out your excisting homeowners that shows the agent what you have. However, they pull credit & check for previous claims before they can give you a good quote. You are better off making calls & speaking to agents so you can answer questions. USAA (if you are eligible) is great- I think you have to be military though- also try to combine auto & home- big discounts for doing this. Take the time to do this- the rates can change by lots!! I work in mortgages & shop a lot for my customers best deals on homeowners.

By: TS

TS — Thu, 30 Jul 2009 03:25:26 +0000

Contact an insurance broker, they will shop around for you.

By: john r

john r — Tue, 28 Jul 2009 10:03:41 +0000

don’t fax out your policy. iF YOU DO, THAN THE COMPETITION WILL KNOW WHERE TO START THE BIDDING WAR, TOO GET YOUR BUSINESS. cALL geico ins. tHEY HAVE SPECIAL RATES, THAT YOU CAN PUT YOUR CARS UNDER, HOUSE BOAT, DENTURES, ANYTHING. tHE MORE YOU HAVE UNDER THERE UMBRELLA POLICY THE CHEAPER THE RATE IS GOING TO BE. GOOD LUCK

By: hirebookkeeper

hirebookkeeper — Sun, 26 Jul 2009 17:58:27 +0000

Fax out the coverage limits only so they can give you quotes on comparable coverage.