car and homeowners insurance quotes
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Help with homeowner’s insurance???
I am looking to buy a home soon and I have contacted a few insurance agents to get some quotes for insurance. There seem to be a few things that are going to hurt the rates I can get:
- I am only 23 years old
- I have limited credit history (good score though – 725)
- I am not interested in getting a security system
- I am still onmy parents car insurance policy ( until I turn 25, when rates for me will decrease )
I am looking to buy a 100,000 to a 115,000 house, and the prices they are quoting me are around 1,000 to 1,200 a year. I am thinking the rates should be around 60-80 dollars a month (720-960 a year).
The agent said the only way I can get better rates is to have a parent co-sign the mortgage and also be on the insurance with me….but I don’t really want to do that. I want to be a responsible adult.
Does anyone know how I can can get a better rate???
Sometimes one must humble oneself if they want to save money. It’ll be good discipline for you….and it’ll help you build a great track record for after you turn 25.
Go for it – the property will be appreciating as you get mature. 
) Win-Win-Win
Low Cost Homeowners Insurance – How to Get the Best Rate
Looking for low cost homeowners insurance? Want to get the best rate with a top-rated company? Here’s how …
How much homeowners insurance do I need?
You need enough homeowners insurance to cover the cost of rebuilding your home if it’s destroyed. You can determine this cost by calling a builder or a real estate agent to get the local building cost per square foot. Multiply this figure by your home’s square footage to get the amount of structural coverage you need.
In addition to structural coverage you need insurance to replace your personal possessions if they’re damaged or stolen. Most homeowners policies give you coverage for your personal possessions equal to 50% to 70% of the amount of your structural coverage. If your possessions are worth more than that you can ask your insurance agent to add more coverage.
You also need enough insurance to pay for a bodily injury or a property damage lawsuit when you’re found to be at fault. Most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance. But due to the rise in personal injury lawsuits, purchasing at least $300,000 to $500,000 gives you better protection.
Lastly, you need insurance to pay for your living expenses if your home becomes uninhabitable due to a fire, storm, or other disasters. Most policies cover you for an amount equal to 20% of your structural coverage.
Where can I get the best rate with a reliable company?
Because homeowners insurance can vary by $1,000 or more from one company to the next, the first thing you need to do is to comparison shop.
There are insurance comparison websites that give you homeowners insurance quotes from a number of A-rated companies. Get at least three quotes then compare them to get the best one.
Some of these sites even offer a free online chat service and a toll-free telephone service so you can get answers to any insurance questions you may have. (See link below.)
To reduce the cost of your homeowners insurance you can raise your deductible. This is the amount you have to pay before your insurance company will pay a claim. The higher your deductible, the lower your insurance premiums.
Also, ask you agent for every discount you’re entitled to. Most companies give discounts for having both your car and your homeowners insurance with them, for having safety and security features installed in your home, and for a number of other reasons.
Visit http://www.LowerRateQuotes.com/homeowners-insurance.html or click on the following link to get low cost homeowners insurance quotes from top-rated insurance companies and see how much you can save. You can get more insurance tips in their Articles section.
