Cheap Florida Homeowner Insurance -- Proven Advice

You'll easily pay less for adequate coverage if you have and implement the right recommendations. It is also important that I stress that there are steps that might put you at risk even if they save you at the moment. Here are some proven ways to pay far less without opting for inadequate coverage...

1. Fixing advanced security and fire systems that are monitored round the clock is a wise step. Apart from the peace of mind you will have in knowing your house is under constant surveillance by competent personnel, you will enjoy lower Florida home insurance premiums. Depending on the insurance provider, this class of systems can get you discounts between 25% and 30%.

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2. Using the same insurer for multiple policies will attract a discount. Insurance carriers give discounts to policyholders who buy multiple policies from them. Although You will get a discount for purchasing several policies from one particular insurer, you may save more by buying each particular policy from various insurers.

I'll explain further...

Let's say that you have a total of four insurance policies: Life, health, auto and home. You will get a multi-policy discount if you make purchase of all four policies, or at least 2 of them, from the same company. Considerable as the discount may be, you may still not realize as much as some smart folks who choose to ignore this discount on account of a little twist...

Following are made up rates for a profile's different insurance policies with different insurers...


Insurer A

Life insurance: $2,590

Health insurance: $2,200

Auto insurance: $3,500

Home: $2,100


Insurer B

Life insurance: $3,100

Health insurance: $2,400

Auto insurance: $2,500

Florida home insurance: $2,400


Insure C

Life insurance: $2,900

Health insurance: $1,900

Auto insurance: $2,800

FL home insurance: $2,700


Insurer D

Life insurance: $2,100

Health insurance: $2,300

Auto insurance: $2,750

Florida home insurance: $2,600


From the list above the cost of the 4 policies with Insurer A is $10,390. If they offer a multi-policy discount of 10% you'll spend a total of $9351. This is really remarkable considering that you'll save over $1,000.

Nevertheless, the wisdom or otherwise of this decision becomes evident when you compare it with what would have been saved if you bought from the company that had the best price for each policy...

Insurer A offers the best quote for FL home insurance at $2,100; Insurer B offers the best car premium at $2,500; Insurer C offers the best in health at $1,900 and Insurer D gives the best rate for life at $2,100. In this case, your costs is reduced to only $8,600.

Doing extensive shopping and choosing the best quotes from different carriers, you would have spent $751 less than someone of the same profile who purchased from the first company with a 10% multi-policy discount.

This might not really be the case for everybody depending on how well you shopped before purchasing. However, you'll do well to check first. And a good way to find out is to obtain and compare quotes from up to 5 insurance quotes sites. You're less likely to miss cheaper rates if you get and compare quotes from not less than five insurance quotes sites.

3. You should get a reasonable discount if you have stayed with your insurer for three years or more. But in spite of the fact that you'll qualify for a loyalty discount if you stay put with the same insurance company for three years and more, do NOT stay with an insurance company that long just because of that.

Believe it or not, you can almost always get an insurance carrier that gives a far lower rate than what you're currently paying. That's, if you understand how to shop properly. Get quotes from any highly rated home insurer you know you've never got a quote from and as well routinely obtain and compare FL home insurance quotes from up to 5 quotes sites about twice yearly.

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4. You'll probably reduce your rate if you spend time to review your homeowners insurance policy at least once yearly or whenever there are changes in your house. The market price of your diamond ring might have dropped by a huge margin and therefore require that you reduce your coverage.

If it's now worth less, you will then do the sensible thing: Lower your coverage accordingly and get cheaper premiums as a result. However, a review might show it's now worth a lot more and that you ought to increase coverage.
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