Texas Homeowners Insurance - How to Lower Your Homeowners Insurance Rate?

By Adams Bridges

Homeowners insurance is the best protection for your most valuable asset. In the recent years the global warming results in climate change especially in Gulf States like Texas. Therefore, insuring your home is a necessity to protect your property against any natural and man-made disasters beside your mortgage lender will require you to purchase home insurance.

1-Bundle Insurance Policies:

If you didn't purchase your homeowners insurance yet, and at the same time you own auto or life insurance policies. It's recommended to buy your homeowners insurance policy from the same insurance provider. In this case you will deal with your familiar agent, and save your time when you pay your monthly premium payments along with your auto or life premium. More than that you can benefit from this multi-policies discount and make your premium more affordable by saving up to 10% of all your insurance policies.

2-Raising Deductible:

Your homeowners insurance deductible is the amount of money you pay out before the insurance company start to reimburse you. It's up to you to determine how much you can afford to pay for loss in case your home structure damaged or your items were stolen. It's also depends on whether you live in high-crime neighborhood or not. How much the distance between your home and the fire department or the fire-hydrant? If you live in a safe area and you keep your home well-maintained, reduce your premium by raising your deductible.

3-Boost your Home Safety:

Homeowners insurance companies reward their policyholders who own more secure and safe homes, By offering large discounts on monthly premium. You can save your money and reduce your homeowners insurance rate by taking your home security to the next level. Installing Smoke detectors in your premises and fixing Sprinklers systems will protect your home against fire. If you have fire-alarm connected to fire or police department your insurer will appreciate that and you will be eligible for security and safety discount.

4-Ask About Loyalty Discount:

Keep your home insured by the same company for more than two years if you comfortable with them. The homeowners insurance providers offer the loyal consumers a loyalty discount. If you stayed with your company for more than five years, ask your agent how much you can lower your rate, but don't overlook shopping around to compare your company discounts and other companies' rates the loyalty discount is up to 4% after 3 years and another 4% after six years.

Your homeowners insurance rate is a changeable factor. You can lower your rate and reducing your premium to save your money.