Contrary to what you might have thought, it is a lot easy to attract a lower Colorado home insurance rate. The two things that are holding you from attracting a better rate at the moment are relevant information and a determination to use the tips you get. We'll now take a look at a number of sure-fire ways to get this done...
1. Don't insure your house along with the land it is standing on as this is more expensive but is quite unnecessary. Folks do this ignorantly. Insuring your home for the purchased price without deducting the value of the land it stands on is an expensive error.
If you made such a mistake, you need to review your Colorado home insurance coverage and check it again with your agent. Deduct the cost of the land and you'll find out that you will need far less coverage.
This implies that you'll spend a lot less on home insurance. Bearing in mind that insurance is for valuables that can't afford to lose, insuring the land which can neither be lost or damaged isn't right.
2. You will pay more or less depending on your credit rating. Those who have excellent ratings pay far less than those who have poor ratings. What your credit rating reveals is how you treat your bills and it speaks badly about you if it is a poor one. No insurer is happy with this as it shows a pattern you're quite likely to repeat in the payment of premiums. If you're considered a potential defaulter, it makes you a higher risk and draws more expensive premiums than otherwise.
It will, therefore, be a good step to do something about making your credit rating better. It will help you attract more affordable rates among other things.
3. You'll pay more affordable premiums if you choose to pay your rates anually and not monthly. Your insurer is compelled to send you 12 notices for monthly payments as opposed to one for annual payments. This costs them more.
As if that was NOT enough expense, each check you send attracts its own transaction fees as well. Twelve checks mean Twelve transactions and will draw Twelve separate charges.. And as with everything else, it is you the end user or policy holder who will be responsible for that cost.
Therefore choose yearly payments instead if you want to save this way. The real amount you could save may differ but you may be able to save up to a month's premium worth with some insurance companies if you choose this option.
4. Take out some time to visit at least 5 insurance quotes sites that offer quotes on Colorado home owners insurance policies. Doing this should require around 25 minutes. As you visit each site, make sure you input the same details. Doing otherwise will produce misleading results. After you've obtained your Colorado homeowners insurance quotes, compare them to determine which serves your interest best in price/value.
Here are my favorite quotes sites (highly recommended)...
Get Affordable Home Insurance Quotes
Home Insurance Quotes In Minutes
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