Home owners insurance cost

Insurance is necessary, and when chosen carefully can be a real asset, but that does not mean that everyone or anyone wants to spend all of their money on it. If you are looking for low cost home owner insurance, then there are three things that you need to know. After understanding what the average costs are, how you can find home insurance at a lower cost, and how to reduce the cost if you already have the insurance, you can be better prepared to get significant savings.

  1. Average cost of home owners insurance.
  2. The cost of home insurance in 2012 was $827 on average. In Oklahoma that average premium was $1,572, and in Idaho, on the other end of the spectrum, the average premium was $405. Where your home sits in the spectrum will in part depend on your location, but also on the value of your home. Naturally, homes that are worth more will require a higher premium.

  3. How to find lower home insurance costs.
  4. The first thing that you can do is try to lump in your home insurance with other services. Combining coverage can get you low cost home owner insurance because the insurer finds it more affordable to service your policies when they hold more than one. Some companies offer a 15% cut in the premium if you do this. Some companies also give better rates the better that your credit score is. The key to low cost home owner insurance is to make yourself as convenient for the insurer to cover as possible.

  5. Reduce your existing home owners insurance cost.
  6. Home insurance costs can be reduced by getting credits for protecting your home, and for proving that you are a responsible homeowner. For example, some companies offer a 20% discount when you go without making a claim for 10 years or more. If you live in a gated community, have fire alarms, do not smoke, and have a security system these are also things that make your policy more attractive to an insurer. Did you know that you might also be able to get a discount for being a senior?

Low cost home owner insurance is not difficult to find, or get. It may seem that way because insurers do not advertise the credits, or how to lower rates, but now that you know what to look for you can start to find savings for yourself. Remember to look at average rates for your geography, make it easier for the insurer to cover your home, and also prove that you are a responsible homeowner.