Homeowners insurance is an absolute must, whether home is a palace or a cozy cottage, but the cost of your home insurance can vary by hundreds of dollars. While it’s important to have enough coverage to replace or repair your home and belongings if they’re damaged or stolen, there’s no reason you should pay more for Homeowners insurance than you need to. Here are ten tips that will help you find the best prices on Homeowners insurance and keep those home insurance premiums low.
1. Consider the cost of home insurance when you buy a home. The neighborhood and structure of your new house could cut up to 15% off your insurance premiums. Look up the Comprehensive Loss Underwriting Exchange report on your home to give you an idea of the claims that have been filed under previous home insurance policies for the house. You may get lower rates for such oddly diverse things as being near a fire hydrant, having a brick house, or having wiring or plumbing that is less than ten years old.