California Home Owner Insurance -- Four Proven Tips For More Affordable Rates

Contrary to what you might be made to believe, it is a lot easy to position yourself for a cheaper California homeowners insurance rate. The only things that keep you from attracting a better rate now are relevant information and a commitment to use the information you get. Below is a list of things that will help you get to this goal...

1. Ensure you do NOT make the mistake of not subtracting the land's cost from your home's value as you apply for an California home owners insurance policy. People who ignorantly do this are paying a lot more than would do them any good. You've made same mistake if you insured your house for the price you purchased it without finding out the cost of the land it's standing on and subtracting it.

If you did such ignorantly, you need to review your California homeowners insurance coverage and check it again with your agent. Subtract the land's value and you'll realize that you'll need far less coverage.

Doing this will reduce your rates considerably and still leave with adequate home insurance coverage. Bear it in mind that insuring the land your home is built on is plain waste of money since it does you no good whatsoever.

2. Your credit history will make you pay more or less. People who have very good ratings spend far less than people who have low ratings. If your credit rating is bad then you've NOT been faithful in paying up your bills. No insurer likes this as it shows a pattern you are very likely to repeat in the payment of premiums. This marks you out as a bigger risk and therefore justifies a higher rate.

It will, therefore, be a good step to do something about making your credit rating better. Apart from the other benefits in doing so, it'll ensure you get cheaper California home insurance rates.

3. Electing to pay your rates on a monthly basis leads to higher premiums than you would spend if you choose to pay annually. A major reason for this is the cost an insurer incurs for sending you twelve bills instead of just one anually.

The cost shoots up if you include the fact that they pay transaction fees for processing each check you send them monthly. 12 checks mean 12 transactions which incur 12 different transaction charges. And as with everything else, it is you the end user or insured who bears that cost.

So, you'll attract lower rates if you decide to pay your premiums anually. You could save up to a month's premium within a year.

4. You might save some hundreds of dollars by just receiving and evaluating quotes from at least five quotes sites. And, it will take you just about 25 minutes on the whole.

Lower Rates Saves You A Lot More...
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