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!