Homeowners Insurance Rates - How to Get The Cheapest
By: Brian Stevens | Posted: 19th October 2007
Thanks to the increasing numbers of hurricanes, storms, floods, tornadoes, and earthquakes in recent years, home insurance rates have gone through the roof. Here's how to get cheap homeowners insurance rates with a top company.
Decide How Much Insurance You Need
Home insurance covers your home, your personal property, and protects you from liability lawsuits.
To figure out how much coverage you need to protect your home, ask a local builder or real estate agent what it would cost to replace your home in today's market. Use that amount for your home insurance coverage.
To figure out how much coverage you need to protect your personal possessions, take an inventory of everything you own - furniture, appliances, stereos, TVs, sports equipment, tools, clothing, jewelry, linens, kitchen utensils, books, CDs, etc. Use the total value as the amount of your personal property coverage.
To figure how much liability insurance you need to protect yourself from a lawsuit if someone is injured on your property, add up all your assets - checking accounts, savings accounts, certificates of deposit, stocks, bonds, etc. - and use the total as the least amount of liability coverage you should have. Most people get $100,000 to $300,000 worth of liability insurance.
Go Shopping for Cheap Homeowners Insurance Rates
Once you know how much insurance coverage you need, go to an insurance comparison website to get rate quotes from different insurance companies. To get your quotes you'll need to fill out a simple form with your insurance information and the amount of insurance coverage you want.
In order to get the cheapest rate, choose the highest deductible you can afford, and request all the discounts you're eligible for as you fill out the form. By raising your deductible from $250 to $1,000 you can save up to 25% on your insurance, and by getting all the discounts you're eligible for, you can save another !0% to 30%.
Most insurance comparison websites only deal with A-rated companies, so you know you'll be getting quotes from reputable companies. The best comparison sites offer a chat feature so you can talk online with an insurance expert who will answer all your home insurance questions and help you get the best homeowners insurance rate. (See link below.)
Visit http://www.LowerRateQuotes.com/homeowners-insurance.html or click on the following link to get homeowners insurance rate quotes from top-rated companies and see how much you can save. You can get more answers to your homeowners insurance questions in their Articles section.
The author, Brian Stevens, is a former insurance agent and financial consultant who has written extensively on how to get cheap homeowners insurance rate quotes.
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