If you've been wondering why your home owners insurance policy is as expensive as it is presently, I can give you a few reasons. If you correct those that you can, you'll see your rates fall by as much as 50% depending on your profile, coverage needs and how you went about your present policy in the first place. Let's look at those things that cost you much …
Living far away from a police station or a fire station will make you pay more. If you live far away from both, your rates will be substantially more. If you're about buying a new home or renting one, look at the following: The closeness of the home to a police station, fire station and fire hydrant.
The level of security you have or do not have in your home is another factor that makes you pay a lot more. If your house has burglary proofs, for example, you'll pay far lower rates than another home owners insurance policy holder whose house has none. So do your utmost to increase the security gadgets you have in your home.
How old is your home? That is, how long ago was it built? If it's an old house, when last did it undergo extensive renovation? If yours is an old home, then expect to pay higher home insurance rates than a similar profile that lives in a brand new home. The features of a brand new home are most likely to be in excellent conditions. This means that the likelihood of claims is far lower. So look well if you're about to move home.
Now, it's possible that most of these may not apply to you. This one should. If it does not then your rate is certain affordable.
Did you get and compare home insurance quotes from up to five or more quotes sites before buying your current policy. If you did not visit this many sites for quotes then chances are high that you missed better offers.
So while a number of the factors listed here might not be within easy reach for you to change, getting and comparing quotes from five or many more sites is something you can do straight away. And, will not it be a smart move if you did something that takes only minutes but saves you hundreds if not thousands of dollars?