Saving Money on Home Insurance

By
Services for Real Estate Pros with Rockland Insurance Agency

Getting home insurance in Texas that is affordable isn't that difficult. In fact, just taking a little bit of time could save you a lot of money. Here are some quick tips.

First, realize one of the big "secrets" to saving: No matter where you live -- Dallas, Austin, Houston, San Antonio, El Paso or anywhere else in the state -- home insurance rates are going to vary from one company to the next. One of the reasons is because each company has it's own underwriting rules and tolerances for different areas of the country.

Because of this, one of the best ways to save on your homeowners insurance is to get some different quotes for comparison. You should get at least three different quotes, which can be accomplished with just a little bit of shopping around, especially if you start online such as our website www.rockbottomquotes.com.

The Texas Department of Insurance Web site features a homeowners insurance price comparison for various insurers in different regions of the state. These are ballpark prices based on some example scenarios. You could use this as a way to locate individual companies to contact for quotes.  That website is www.helpinsure.com.

When you request a quote, make sure to provide the same information to each company regarding your coverages and deductible in order to get an accurate comparison. You may want to have your current homeowners policy declarations in front of you (this is the sheet from your policy that summarizes your coverages, deductibles and discounts.)

So you don't have to keep providing the same information for each quote, you may want to use an insurance comparison Web site. These sites do not represent a single insurance company. You complete an online form, once, then get back quotes from different Insurance carriers.

Once you find the quote you like, be sure to ask about any available discounts. Discounts such as multi-policy, or having smoke detectors, upgraded electrical and more can save you money. And if you want to save even more, consider increasing your deductible. The higher your deductible, the lower your premium.

Comments (1)

Sherry Scales
Austin Texas Homes, LLC - Leander, TX
Realtor, for Austin, TX and surrounding areas

Ask your insurance agent the difference between full coverage...and replacement value full coverage. I find agents don't come forward with this information, and most folks are not aware of it. It doesn't cost that much more, but can save you big $$ when the insurance co figures in depreciation in a loss.

Nov 30, 2008 12:35 PM