Cheap California Homeowners' Insurance -- Bring Down Your Rates Without Compromising Your Coverage

If you must attract big discounts on your California home insurance policy, then you must NOT forget certain things. I'll share a good number of them in this article...

1. A group policy gets you more affordable rates. It's also good to check with associations you belong to if they have any group discount from any insurer.

But before you buy see if you can get a cheaper California homeowners' insurance premium with another company than that offered your association. For several reasons you could be better off NOT buying from a particular group's insurer. Shopping extensively will enable you get the best rates.

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2. If you are retired, you can enjoy lower rates with a retiree discount. But take note that not all insurers give this discount.

The reason for this discount is the fact that having someone always around makes a home a better risk. Those who are often around are also in a better position to notice and put off fires before they can cause any damage.

3. Have you stayed with your home insurance provider for up to 3 years? Then make a demand for a loyalty discount. However, I do NOT expect that you stick with one insurer for that long simply because you are looking to qualify for a loyalty discount.

I can almost stick my neck out that you can enjoy rates that are a lot less than what you're paying at the moment. The key is doing thorough shopping. Get quotes from any solid home insurance company you know you've never obtained a quote from and as well routinely get and compare California home owners insurance quotes from up to 5 quotes sites about twice yearly.

4. Make sure you don't make the mistake of not subtracting the land's cost from the home's value as you apply for an California homeowner insurance policy. Folks do this without knowing. They just insure their home for its complete value without removing the cost of the land.

If you did this quickly call your agent and check through your California homeowners' insurance policy. Reduce your coverage to the worth of your house and its contents minus the cost of the land.

With such a review you will lower your premiums by a huge margin and still leave with sufficient home insurance coverage. No matter what you do and who you meet, don't forget that the only things you insure are things that can be stolen or damaged and your land is not one of such.

5. Choosing to pay your premiums monthly leads to more expensive premiums than you would spend if you decide to pay annually. An insurance carrier sends 12 notices for monthly payments instead of one for annual payments. This costs them more.

Furthermore, each check you send attracts its own transaction charge as well. Twelve checks mean Twelve transactions and will draw Twelve separate fees.. And as with everything else, it's you the customer or insured who bears that cost.

As a result, you will get cheaper premiums if you decide to pay your premiums yearly. The actual amount you could save might differ but you may be able to save up to a month's premium worth with most insurers if you settle for this option.

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6. Your rate is affected by your credit history. The lower your credit rating, the higher the rates you get. A bad credit rating means that you've not been paying your bills in a timely fashion. An insurer takes this to mean that you're financially irresponsible and will likely default in paying your premiums. If you're considered a potential defaulter, it makes you a higher risk and draws much higher rates than otherwise.

So do your best possible to attend to all your bills in a promptly. Apart from the other benefits in doing so, it will help you get cheaper California home owner insurance premiums.

7. Take out some time to visit not less than 5 insurance quotes sites that provide quotes on California home owners insurance policies. It should take you around 25 minutes. As you visit each quotes site, ensure you give the same information. Doing otherwise will return misleading quotes. After you've obtained your California home insurance quotes, compare them to determine which serves your interest best both in price and value.
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