1. Shop Around
Call at least three places and compare apples-to-apples coverage. Additional information on complaints and typical rates can be found at www.naic.org, The National Association of Insurance Commissioners. Financial stability can be checked out at www.standardandpoors.com.
2. Raise Your Deductible
Deductibles are the amount of money you have to pay toward a loss before your insurance company starts to pay a claim, according to the terms of your policy. The higher your deductible, the more money you can save on your premiums. Most insurance companies recommend a deductible of at least $500. If you can afford to raise your deductible to $1,000, you may save as much as 25 percent. I like to think, what can I fix for less than $1000 and only make a claim in serious need. Otherwise, both the home—and you will have a history of claims. Remember, insurance policies may have a separate deductible for certain kinds of damage such as flood, sewer… Read More