How to Find Discount Homeowners Insurance

The savvy homeowner knows that insurance rates vary considerably from carrier to carrier for the same coverage. Taking the time to investigate discount home insurance will ensure that you’re getting both the right coverage to meet your needs and a competitive price.

The cost of discount homeowners insurance depends on a number of factors:

1. Location, age and type of residence
2. Local fire protection
3. Choice of deductibles
4. Application of discounts
5. The scope and amount of insurance coverage purchased.

Do Your Homework
Shop around to get the best value for your insurance dollar. Using NetQuote, get several quotes for discount homeowners insurance and compare them side-by-side. Keep looking until you find one that offers the most attractive combination of coverage and premium.
 
Stick With the Company That Offers the Best Deal
Consider multiple policies with the company that’s offering you the best deal on discount homeowners insurance. Many companies offer a multiple policy discount, so if you purchase your homeowners and auto policies from the same insurer, it may be worth a small discount.

Pick Your Form
Insurers offer different types of homeowner package forms to owners of single-family, owner-occupied homes. These policy forms insure your home and belongings against specifically named perils. The more perils your policy covers, the more you will pay for the policy.

Consider Actual Cash Value Coverage
Actual cash value coverage reimburses you for the cost of the property minus your deductible and the property’s depreciation. Replacement cost coverage reimburses the full value of the property. If your major objective is to have the lowest premiums possible, consider actual cash value, which is cheaper. But be aware of the risks involved with that choice.

Other Ways to Save Money
A higher deductible lowers the premium cost of your policy. Many policies provide a low deductible – typically $250. Contact your insurance company to see if they offer higher deductibles, such as $500 or $1,000 with your homeowner insurance coverage.

Insurance companies usually offer premium discounts when you have deadbolt locks, smoke alarms, fire extinguishers, sprinkler systems, or security systems in your residence.

In short, it pays to evaluate home insurance policies and research your options to find discount homeowners insurance that provides the best coverage, at the most economical premium.