FL Home Owner Insurance -- 4 Smart Tips For Huge Discounts

Contrary to what you might be made to believe, it's quite easy to get a cheaper FL homeowner insurance rate. All you need to achieve this end are little bits of information (that you'd have to implement, though). Let us now look at several sure-fire ways to get more for a lot less...

1. Make sure you do NOT make the mistake of not subtracting the land's cost from the home's cost while applying for an Florida homeowner insurance policy. Folks do this ignorantly. 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 is built on and subtracting it.

If you made this mistake quickly call your agent and review your coverage. Subtract the land's value and you will discover that you will need far less coverage.

With such a review you will lower your rates by a huge margin and still have enough home insurance coverage. Since insurance is for valuables that can't afford to lose, insuring the land which can neither be lost or damaged isn't right.

2. Your credit rating will make you spend more or less. The poorer your credit rating, the higher the premiums you will pay. If your credit rating is bad then you've NOT been faithful in paying up your bills. This is a pattern that most insurers believe will be exhibited in the way you pay up your premiums. If you're seen as a likely defaulter, it makes you a higher risk and attracts more expensive premiums than otherwise.

Therefore, it is a wise decision to pay all your bills promptly. It makes it easier for you to attract cheaper rates among other things.

3. Choosing to pay your rates on a monthly basis leads to higher premiums than you would pay if you decide to pay yearly. A major reason for this is the cost an insurance company incurs for posting you 12 bills instead of just one each year.

The cost increases if you include the fact that they pay transaction charges for processing each check you give them monthly as payment. twelve checks are 12 transactions which attract 12 separate transaction charges. And as with everything else, it's you the client or policy holder who bears that cost.

Therefore, you'll get cheaper premiums if you opt to pay your premiums anually. What you'll save could be as high as 8.5% of your total monthly premiumss over the course of just one year.

4. You will save a lot if you only have between 25-30 minutes. Visit, get and compare FL homeowners insurance quotes from several insurance quotes sites. The lowest quote should be your choice easily. But, you have to go beyond just the lowest quote to the best price to value ratio. The cheapest may not be the best price/value for you as a person.

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