When Should You Compare Home Insurance Quotes?

Insure Your Home With Right InsuranceIn recent years, consumers have become increasingly more aware of the fact that they can save hundreds of dollars if they compare home insurance quotes before purchasing a policy. However, many people don’t know under which circumstances they should request quotes in order to see if they can save cash or get better coverage. So when should you compare home insurance quotes?

  • When you buy a new home. Whether you’re a first time buyer or about to purchase your third home, you should always compare home insurance quotes to see which insurance company offers the best deal.
  • When the term of your current policy is almost up. Nearly every home insurance policy runs on a 12-month term basis. If you terminate your policy before the term is up in order to purchase a policy with another insurance company, you’ll have to pay an early termination fee that can be as much as a few hundred dollars. In order to avoid this, the best time to compare home insurance quotes is three months before your current policy ends. That gives you a month to request and review quotes from other insurers, and 60 days to end your current policy before it renews automatically.
  • When you experience a change of family structure. Marriage, divorce, or a child moving out all have an impact on the amount of risk an insurer takes by insuring your home and everybody residing there. Always contact your current insurance company to find out how a change in your family structure will affect your premiums. Get the new rates, and then go to a trustworthy comparison website such as AgentInsure to compare home insurance quotes and see if you can get a better deal!

 

Temporarily Lowering Insurance Costs

Lower Your Insurance Rates

You might be able to temporarily cut your Texas car insurance costs in half if you aren’t financing or leasing your car. Liability insurance is a requirement in Texas, so you’ll have to maintain a liability policy to keep your car registered. Check with your loan or lease provider before making any changes to your auto insurance policy to avoid defaulting on your contract. Keep in mind that accidents are never planned, so having an adequate policy in place can protect your finances in the event of an accident. Increase your car insurance coverage again when you can afford to do so.

 

  • Increase your deductible. A deductible is your out-of-pocket responsibility for vehicle repairs or market value replacement if you’re at-fault in an accident.
  • Drop your collision coverage. A collision policy is the most expensive you can purchase. This change alone significantly decreases your cost.
  • Decrease your bodily injury and property damage limits. If your policy has increased limits, drop them to Texas state minimums.
  • Remove policy add-ons. Optional items, such as windshield replacement, rental car coverage or roadside assistance cost extra money.
  • Shop providers. Make sure your current insurance company is providing you with a competitively priced policy. If not, switch to a provider that offers more discounts or cheaper policy cost.
  • Ask for discounts. You might be eligible for a discount if you’re a homeowner, college graduate or if you insure more than one policy with the same company.
  • Take a defensive driver course to reduce license points or to obtain an automatic car insurance discount.