Florida Homeowners Insurance -- 4 Smart Tips For Cheaper Rates

Contrary to what you might be made to believe, it's a lot easy to attract a lower FL homeowner insurance rate. All you have to do to achieve this end are little bits of information (that you'd have to implement, though). Let's look at a few sure-fire ways to get better rates...

1. Do not insure your home along with the land it is built on as this is more expensive but is very unnecessary. People who ignorantly do this pay for more insurance than would do them any good. They just insure their house for its entire value without subtracting the land's cost.

If you did this quickly call your agent and re-evaluate your coverage. Subtract the cost of your land and use only the cost of your home and its contents.

Doing this will lower your premiums considerably and still have enough home insurance coverage. Always remember that insuring the land your home is built on is real waste of money because it does give you any added advantage.

2. Your credit history has a big impact on what you pay. People who have very good ratings pay far less than people who have poor ratings. A poor credit rating means that you have not been paying your bills in a timely fashion. This is a pattern that most insurance carriers believe will be exhibited in the way you handle your premiums. If you're considered a potential defaulter, it makes you a bigger risk and draws more expensive rates than otherwise.

So do all within your power to attend to all your bills in a timely manner. You'll draw cheaper premiums if you do.

3. You'll pay cheaper rates if you choose to pay your premiums anually and not every month. An insurer sends 12 notices for monthly payments instead of one for yearly payments. This costs them more.

The cost increases if you add the fact that they pay transaction charges for processing each check you give them monthly as payment. They pay transaction fees 12 times instead of once anually for monthly payments. And, if you really come to think of it, these additional overheads are ultimately built into your rates.

Therefore choose yearly payments instead if you want to save this way. You could save up to a month's premium within a year.

4. As you do these other things to lower your home insurance costs, here's what to do to receive lower rates now. Visit reputable quotes sites and request for quotes. Visit not less than five of such sites for the best results. It's free, quick and easy. Please make certain you give your correct details as you fill the forms presented. The last step is to just choose the insurer that represents the best price/value from the quotes you receive.

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