How can you know what kind of insurance is best for you and your pocketbook? Where can you find the necessary information? There are no quick answers, only suggestions. Here are some below.
The first thing to do is to shop around. Ask people you know, as a personal reference is always best. (You can also stand on a street corner and ask people you don’t know, but this course of action is not recommended.) Contact your state insurance department and check out consumer guides and online insurance quote services. This will help you establish a price range for home insurance. Take your time if you possibly can for a hasty decision can result in unexpected negative repercussions.
Raise your deductible if you can. (In some cases this may seem as formidable task as raising the Titanic, but try anyway.) The higher your deductible, the more money you can save on your premiums. Buy your home and auto policies from the same insurer, but make sure the combined price is lower than buying the different coverages from different companies.
You should also try to maintain a good credit record as this can cut your home insurance costs. Also stay with the same insurer and review the limits in your homeowner policy every year. (I don’t do this, but don’t do as I do, as they say, or something like that.)
These are just a few ideas on how to save on your homeowner’s insurance. Go to the library and check out some recent writings on the subject. If you don’t like to get out of your pajamas, check out the Internet. All of the search engines offer plentiful resources on this as well as many other subjects (like pajamas, for example). Take the time to learn your options as this can only serve you well in the future.
Do YOU have anything you can add to this list? Please share.