Home Insurance – A Few Things That Make You Pay More

1. Your claims over a period create an impression of your home’s risk. If you file for every little thing, your home will soon be assessed as a much higher risk than another comparable property where the owner files fewer claims. This will force you to pay far higher home insurance premiums. So if it’s something you can handle with relative ease, don’t file a claim. It will do your home insurance rates a world of good.2. Your credit rating will make you pay more or less. You’ll pay higher home insurance rates if you have a poor credit rating. A poor credit rating means that you’ve not been paying your bills in a timely fashion. No insurer likes this as it shows a pattern you’re very likely to repeat in the payment of premiums. This makes you a higher risk to them and you, therefore, are made to pay much more than someone else with the same profile who has an excellent rating. So do your utmost to pay all your bills in a timely manner. You’ll attract lower home insurance rates if you do.3. Smoking increases the risk of a fire in your home. And reports have it that over 23,000 residential fire annually are as a result of smoking. You’ll pay less in home insurance if no member of your household smokes. If you were a smoker at the time you bought your policy, you’re entitled to a review if you’ve quit. If your insurer refuses to lower your rate after quitting look for another insurer.Now that you know a few things that make you pay more, here is something that will lower your home insurance rates…You could save several hundreds of dollars in home insurance by just getting quotes from at least three insurance quotes sites. Using a minimum of three quotes sites increase the chances that you would realize more savings. This is because insurance companies not covered by one site will be covered by the other. And because your chances of receiving lower home insurance quotes are tied to the number of quotes you receive, the more insurers you obtain quotes from, the brighter your chances.