Comments on: How can I negotiate a better price on my home owners Insurance?

By: fdibella1125

fdibella1125 — Thu, 04 Dec 2008 13:17:56 +0000

You can’t negotiate insurance premiums. This is a common misconception in the industry. If you feel that you are being charged too much. Shop around. Go to a few different insurance companies or to a broker who has access to several different companies. Once you find the best price, take it…and shop around every 3 years or so. Just because a company has the lowest rates for you now, doesnt mean they always will.

By: Amy K

Amy K — Wed, 03 Dec 2008 19:19:24 +0000

Companies usually have grace periods so being behind in premium does not always mean that your policy has lapsed so you should verify that with the agent. Then have the agent check the policy to make sure that all discounts are being applied (multi policy discount, safe driver, claim free, in force, etc). If not, then the agent can request that they be added to your policy by underwriting.

If your agent is captive, meaning that he/she represents one company, I would suggest taking a copy of your policies to an independent agent. They would be able to “shop” your insurance with many different companies to get you the best deal. To find a local independent agent, just look for IIAB logo in the phonebook.

Hope this helps.

By: ralph d

ralph d — Mon, 01 Dec 2008 12:42:05 +0000

Shop around. Raise your deductible to lower your premium. Where you live will have bearing on your insurance.