There are a number of ways to pay less on your homeowners insurance policy. But while many of them might reduce your cost, they could leave you with inadequate coverage. However, in this article, I'll show you several proven ways of paying less and at the same time have adequate coverage. Here they are...
1.Your credit history has a serious impact on what you pay. You'll attract higher homeowners' insurance premiums if you have a low credit rating. If your credit rating is poor then you've been missing important payments. This is a pattern that most insurance carriers believe will be exhibited in the way you pay up your premiums. If you are considered a potential defaulter, it makes you a bigger risk and attracts much higher rates than otherwise.
Therefore, it will do you much good to pay all your bills promptly. Apart from the other benefits in doing so, it'll ensure you get cheaper Hawaii home owner insurance rates.
2.Government home insurance policies might really be costing you more than what you can now get with private companies. It used to be extremely hard to find insurers if you reside in certain high crime areas or places that were affected by particular natural disasters. Then it was just the government's policy that was available to them. The case is quite different now as private insurers have started to cater for such places.
Some may still have little or no other means of getting home insurance coverage apart from a government homeowner's insurance. But for folks whose areas are presently serviced by private insurers, you can expect to pay more affordable premiums than you would with government agencies.
3.Having a smoker in your household will raise your premium by a huge margin. And statistics have it that over 23,000 residential fire annually are as a result of smoking. Non-smoking homes pay cheaper premiums than homes with smokers. If you quit smoking successfully for over 12 months, let your agent know it and demand for a well-earned discount. What if your insurer refuses to grant you discounts because some companies do NOT have non-smokers discounts? Then it's time to shop for an insurance company who does except you have something else to make your continued stay with such an insurance company worthwhile.
4.Install shatter-proof windows and you will enjoy more affordable rates. Therefore, replace your old windows with these moreso if you reside in places that are prone to high winds and hail storms. You can also meet with your agent first before making the upgrade as he or she would be in a better position to show you how to save the most.
5.There are exclusions in your home insurance policy. Have you taken note of them? Those are things that the policy does not provide coverage for.
Before you start celebrating about that low-priced offer, make sure the exclusions section does not slash off things of great importance to you. However inexpensive a policy is, it loses its meaning if it doesn't provide adequate coverage. All it demands is reading through the policy to avoid unpleasant surprises in the future.
6. You can reduce your Hawaii homeowners insurance premium by obtaining and comparing quotes from at least five reputable quotes sites.
Here are my favorite quotes sites (highly recommended)...
Get Affordable Home Insurance Quotes
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