California has some of the highest homeowners insurance rates in the nation. So how do you get cheap California homeowners insurance? Here's how ...
Homeowners Insurance Coverage
Homeowners insurance provides coverage for damage to your home and your personal property caused by fire, lightning, theft, water damage, vandalism, and burglary. It also protects you and your family against liability lawsuits.
Go Shopping
The difference between one insurance company's policy and another's can be $1,000 or more, so it pays to shop for rates. There are websites where you can go to get quotes from a number of different companies. Some of these sites even have a chat feature where you can get advice from an insurance expert (see link below).
Raise Your Deductible
The deductible is the amount you have to pay on a claim before your insurance kicks in. Raising your deductible from $250 to $1,000 can save you 24% or more on your insurance. This not only decreases your premium, it also decreases you chances of being dropped by your insurance company for filing too many claims.
Combine Your Insurance
Purchasing your homeowners and auto insurance through the same company will save you as much as 15% on your premium. This also gives you the benefit of only having to pay one bill and deal with one insurance company.
Get Discounts
Most insurance companies will give you a discount on your premium for the following:
* Safety systems - fire alarms and sprinkler systems.
* Security systems - burglar alarms, security lights, dead bolt locks.
* Senior discount - If you're a retired senior some companies will give you 10% discount.
Check Them Out
Getting the best price for your homewowners insurance doesn't mean you're getting the best deal. You should check out the company you choose with your state's department of insurance to make sure it's a reputable company and will pay your claims.
By: Brian Stevens