Reducing Expenses: Homeowner Insurance

by JadeDragon on April 14, 2012

Earning extra money is great, but it is true that a penny saved is a penny earned – in fact an after tax penny saved is better than a pre-tax penny earned. Every year you buy homeowner insurance, or renters insurance (or you sure should be buying insurance as part of your financial plan).

When is the last time you competitively quote your insurance?  If you are like most homeowners, it might have been years. Most people just renew when the agent calls to get their credit card number.  So this year, well before your homeowner insurance is up, get an online Homeowners Insurance quote.

And here is another tip – set your deductibles as high as you can afford to set them.  A higher deductible means you shoulder the first dollars of loss, but if you want to maintain a claims free history for better rates, you don’t want to file a claim on a small loss anyway.  Taking a higher deductible will, however, cost quite a bit less each year.

 

 

 

{ 3 comments }

1 Syeda Mehwish April 14, 2012 at 1:59 am

You suggestion to take a higher deductible clicks me and I am now exploring about more on this matter.Thankyou, Jade.
Syeda Mehwish´s last blog post ..Webhosting Plans

2 Pete Goumas April 14, 2012 at 2:52 am

Hi Jade,
I never delay in renewing homeowners insurance quote but you have shared helpful tip for many other readers.Thanks
Pete Goumas´s last blog post ..VitalMax Vitamins Coupons & Review

3 Brett Armstrong April 15, 2012 at 11:45 pm

We never renewed our home insurance for the past 3 years, I guess. I never thought it’s that important! Thanks for this reminder^^
Brett Armstrong´s last blog post ..MSDSonline Management Partners with ICG Group, to Acquire MSDSonline from Existing Investors

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