Time For A New Policy: 4 Tips That Will Help You Get The Best Rates For Your Home Insurance

If it's time to start shopping around for a new home insurance policy, you want to make sure you get the best deal possible – quality protection at a low cost. It's not impossible to find a good deal on quality home insurance. However, it will require some work on your end. Don't get stuck with high insurance premiums. Here are four steps you can take to get the best deal on your home insurance.

Don't Report the Little Things

When you have good insurance coverage for your home, it can be tempting to report minor mishaps. Unfortunately, those broken windows, missing shingles, or damaged fences can increase your insurance rates when it comes time to renegotiate your policy. Instead of filing a claim for every incident on your property, claim only the ones that you can't easily take care of yourself. This will keep your claims lower, which will reduce the cost of your home insurance.

Beef Up Your Security

If you're going to be shopping for a new home owner's policy, now's the time to beef up your security. Installing things like monitored security systems, additional smoke detectors, or even fire extinguishers, can reduce the cost of home insurance premiums. While you're beefing up security, it's also a good idea to install motion-sensor lighting around the perimeter of your home and remove tall shrubbery from under your windows.

Clean Up Your Credit

If you've got bad credit, you could pay for that in the way of higher insurance premiums. Most insurance companies run a thorough credit check before they provide you with a quote for coverage. Before you shop for new coverage, order a copy of your most recent credit report. Clean up the items you can take care of, and file disputes for incorrect information you find. Once your credit is cleaned up, you'll get a better rate for your home insurance.

Wait a Few Years

If you've recently suffered a catastrophic loss, and your insurance premiums have gone up, resist the urge to shop for new coverage. That loss will remain on your insurance history report for a few years. That means that every insurance company you request a quote from is going to see that claim. To get the best rates, allow the claim to drop off your insurance history report before you shop for new coverage.

Don't pay more than you need to for your home coverage insurance policy. The tips provided here will help you get the best rates for your next policy. 

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