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Compare Home Insurance Multiple Insurance Quotes

Where can I find multiple car insurance quotes?

When shopping for car insurance, it is always recommended that you get multiple car insurance quotes before you purchase a policy, but where do you get those quotes?

You could go to several insurance company websites and fill out numerous forms, which can be time-consuming, or you can find a website with a comparison tool that offers multiple quotes from several different insurance companies.

Start comparing auto insurance rates now by using our FREE quote tool above!

Benefits of Changing Insurance Companies

If you have had your car insurance for years, there’s a good chance you could save money and get better insurance by switching companies.

Shopping for Car Insurance

Shopping around for car insurance allows you to compare rates and coverage levels between various insurers and specific policies. The reason this is important is that different insurance companies charge different rates for similar policies.

Your first step should be to locate an insurance comparison tool and fill out the small questionnaire. You will be asked questions about yourself, your location, your driving habits and your car.

It is very important to answer truthfully so that you get the most accurate information.

Once you submit the form, you will receive multiple quotes from multiple insurance carriers. It is important to read the quotes in detail and pay attention to more than the policy premium. You should read through each policy, compare them to your current policy and compare them against each other.

The goal of this step is to find the most coverage for the least amount of money. If you find a policy you like, but can’t afford the premium, you can try changing your deductible amount in order to lower your costs.

  • Use a comparison tool to receive multiple quotes for free
  • Review each quote
  • Narrow your policy choices down to two or three

Free Auto Insurance Comparison

Compare Quotes From Top Companies and Save

Choosing an Insurance Company

Once you’ve narrowed your choices, it’s time to research the insurance companies. The first thing you need to determine is whether or not the insurance company is authorized to provide insurance in your state.

In many instances, the comparison tool will only pull up insurance companies that operate in your state, but it is best to make sure the insurance company is properly licensed.

You can do this by researching the company with your state’s Department of Insurance.

Make sure your potential new insurance company has the cash to pay any potential claims, which is best accomplished by researching their standing on a reputable financial website, like J.D. Power.

Lastly, research the company on your local BBB website. If they have numerous unresolved complaints or less than a B rating, you may want to consider other companies.

Once you are finished researching, choose your new insurance company and car insurance policy:

  • Is the insurance company licensed to operate in your state?
  • Do they have the financial resources to pay your claims?
  • What is the insurance company’s BBB rating?
  • Choose a company and a policy.

Activating Your New Car Insurance Policy

Once you have chosen your insurance company and policy, it’s time to activate it. This can usually be accomplished by choosing your payment terms and using a credit card to purchase your policy.

It is important that you pay for your new policy and ensure it is active before you cancel your old policy.

If you cancel your old policy before your new one is active, you may inadvertently end up with a gap in your car insurance.

This could result in your old insurance company reporting you to the DMV for not having insurance, and you driving illegally without insurance.

  • Purchase your new policy
  • Make sure your new policy is active
  • Cancel your old policy

When choosing a new insurance policy, it is important to get quotes from at least three different insurance carriers. This is best accomplished by using a comparison tool.

Once you have your quotes, compare the policies to your current policy and research the insurance companies. Once you’ve found the right carrier and policy, pay for your new policy and cancel your old policy.

Start comparing auto insurance rates now by entering your zip code in our FREE quote tool below!

Home Insurance Quotes

INSTANT HOME INSURANCE QUOTES

When You Need Multiple Home Insurance Quotes in an Instant

The average person has better things to do than visit hundreds of Internet websites in order to locate the best possible home insurance company. Between day-to-day activities, must-do repairs around the house, or shuttling kids to or from multiple activities, it’s a wonder you have enough time at the end of your day to relax for a few minutes before falling into bed…and repeating the process the next day.

Thanks to InstantQuotes.com, multiple home insurance quotes are available in an instant. You have more than enough to keep you busy for the foreseeable future. By filling out one simple contact form, you can let us search the web for the best home insurance rates – and return the results to you in an instant. You can make a decision about the proposal you like the best, and proceed only when you’re ready. No pressure. No hard-sell sales tactics. No problems. Just industry-leading service and the multiple insurance quotes you need – in an instant.

You Need Home Insurance

A home is much more than four walls and a roof set on a foundation; it’s a place where a lifetime of memories is created. These snapshots in time form the basis for how you’ll remember your life – and the place where it was lived. Because of this need, you can’t entrust insuring your home to just any insurance company that makes big promises or offers a great rate.

The web is full of companies claiming that the Earth is flat or that you can become a billionaire overnight while you sleep. Unfortunately, it’s also full of companies claiming that they can insure your home for a fraction of what you might expect to pay. InstantQuotes.com scours the web for quality insurance companies – ones that will be here to take your premium dollars for the short term – but also ones that will be here when or if you need them to pay a claim.

Instant Home Insurance Quotes

When seeking instant home insurance quotes, it’s critically important that you cover all of your bases and make sure that the quotes you compare are for similar insurance products. Otherwise, you might be tempted to go with an insurance quote only to discover much later that the coverage you’ve received is radically different than the coverage you thought you were purchasing. Some things to keep in mind are:

  • Contents – Be sure to read the fine print on any home owner’s insurance policy you purchase. You may be under the impression that a prized possession will automatically be covered, when in fact it might not be. If it’s not covered, look into the possibility of adding a rider to your policy that will cover your specialty item.
  • Replacement value – You may not know this, but many home insurance policies won’t pay to replace your home if you have a claim that destroys everything you own. A common tactic used by some companies to hold down their prices is to insure a home for a specific dollar amount, which can erode over time, or to cover your home for only what it is worth at the time of a loss. If your home loses significant value, you might find that you would receive much less than you’re counting on in the event of a loss.
  • Liability limits – What are the liability limits on the policy you’re considering purchasing? Are they enough for your needs? If you operate a business out of your home, make sure you’ll have adequate coverage in the event that a client injures themselves, even if it means purchasing a business insurance policy or an additional rider.

Auto Insurance Quotes

INSTANT AUTO & CAR INSURANCE QUOTES

When You Need Multiple Auto Insurance Quotes in an Instant

The demands of your busy life are such that you simply don’t have the time, patience, or the inclination to make multiple phone calls or take several time-consuming trips all over town just to get the auto insurance quotes you need to ensure that you don’t pay too much for your auto insurance coverage.

The popularity of the Internet makes it easier than ever before to quickly gather multiple auto insurance quotes from a variety of insurers. This enables you to shop the market for the best combination of price, features, and coverage available anywhere on the web. Unfortunately, compiling multiple quotes from some of the companies that are vying for your business can be a daunting process. While the number of quality auto insurance companies on the web is almost unlimited, so is the length of time it could take you to compile all of the quotes you’ll need in order to make an informed decision.

InstantQuotes.com makes the process a breeze. With the ease and the simplicity of filling out one online form, we take care of shopping the market for you and letting you quickly know which companies are best positioned to provide the low-cost auto insurance coverage that will protect the investment you’ve made in your automobile.

You Need Auto Insurance

There’s little doubt that you need auto insurance. Life is simply too unpredictable not to protect an investment as large or as important as your automobile. One moment you could be happily going about your business; the next you could be explaining to a police officer what happened. Collisions and other accidents take place with stunning regularity. An accident can take place without warning – and without auto insurance your investment could be at risk. In addition, other factors beyond your control such as the vehicle damage caused by runaway carts, storm damage, vandals, or even thieves could wreak havoc on your personal finances in the absence of insurance to protect you.

It doesn’t matter if your reasons for seeking auto insurance quotes is because you’re considering a new vehicle purchase or you’d like to find a way to trim your budget, InstantQuotes.com can put you in the driver’s seat with multiple quotes in an instant. We’ll help keep you in compliance with mandatory auto insurance laws and – if your vehicle is financed – lender requirements, while protecting you in the event that you suffer a loss.

Instant Auto Insurance Quotes

When you fill out our easy quote form, please be as thorough as you can. The more accurate the information you give us, the easier it will be for us to provide you with a meaningful quote. Also keep in mind that there are four basic auto insurance coverages that will have the largest impact on your premium:

  • Collision – This coverage will pay to repair your vehicle in the event that you have an accident that is determined to be your fault.
  • Liability – This coverage will pay to repair other vehicles involved in an accident that is determined to be your fault.
  • Comprehensive – Coverage for specific damages that could occur due to a cause other than a collision. For instance, if you park your car on a parking lot while shopping and it gets keyed or is struck by a runaway cart, your comprehensive coverage would help to repair the damages to your vehicle.
  • Uninsured Motorist / Underinsured Motorist – This coverage is vitally important because approximately 15% of the vehicles on the road today are being driven by motorists without coverage or too little coverage to pay for any damage that could be caused in the event of an accident that is caused by them.

Auto insurance comparison made easy.

In just minutes, Compare.com gives you up to 50 free auto insurance quotes. We do all the work so you don’t have to. Who knew saving money is this easy?

We Make Comparing Rates Online Simple

Sit back while we provide you up to 50 free car insurance quotes. See how it works.

Provide your information one time only

Tell us a little bit about yourself, your car, and your driving record. Then do the same for anyone else covered by the same auto insurance policy.

Sit back and watch

In a snap, you’ll see side-by-side comparisons of real-time auto insurance quotes. They’re real prices, not estimates, along-side helpful information about the car insurance companies.

Click and save

One click and you’ll instantly be connected with the insurance company of your choice. There, you’ll complete the purchase of your new auto insurance policy.

Save your information

Come back and easily compare rates at any time knowing that your information is safely stored in our secured database.

Provide your information one time only

Tell us a little bit about yourself, your car, and your driving record. Then do the same for anyone else covered by the same auto insurance policy.

Sit back and watch

In a snap, you’ll see side-by-side comparisons of real-time auto insurance quotes. They’re real prices, not estimates, along-side helpful information about the car insurance companies.

Click and save

One click and you’ll instantly be connected with the insurance company of your choice. There, you’ll complete the purchase of your new auto insurance policy.

Save your information

Come back and easily compare rates at any time knowing that your information is safely stored in our secured database.

Top Car Insurance Companies

We work with the most reliable auto insurance companies in America to get you the lowest insurance prices available.

Why Compare Auto Insurance Rates?

You could be saving up to $359 per year ($1,031 if you’re an extra safe driver).

Why Compare Auto Insurance Rates?

You could be saving up to $359 per year ($1,031 if you’re an extra safe driver).

Every car insurance company in the U.S. claims they can save you money on your car insurance. The surprising thing is that many of them may be telling the truth.

To make sure you’re saving the most on your coverage policy, experts recommend getting at least 4 auto insurance quotes. With Compare.com, you get 4 or more locked in rates in just minutes. Start your free online quote comparison today!

Every car insurance company in the U.S. claims they can save you money on your car insurance. The surprising thing is that many of them may be telling the truth.

To make sure you’re saving the most on your coverage policy, experts recommend getting at least 4 auto insurance quotes. With Compare.com, you get 4 or more locked in rates in just minutes. Start your free online quote comparison today!

5 Most Common Auto Insurance Mistakes

Make sure you’re saving the most by avoiding these common auto insurance pitfalls.

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Not updating your relationship status.

Married drivers typically pay less for car insurance. Combine your auto insurance policies and you could be saving approximately 10 to 12 percent.

*Edmunds estimates the average savings for married couples is 10-12 percent. On average, a 20-year-old female pays 22 percent less when she is married.

Forgetting you’re a homeowner.

If you own a home, you could be saving up to 3 percent on your auto insurance policy. Want to save even more? Bundling your home and auto insurance can save you up to 8 percent on your current coverage costs.

*Data provided by Value Penguin

Unaware your credit score affects your insurance rate.

Those with average credit scores paid $214 a year more on their auto insurance policies than similar drivers with high credit scores.

*Data provided by Consumer Reports

Over-reporting your mileage.

Do you commute? Use your car for pleasure only? If you’ve started driving less since the last time you reported your mileage, recalculate. It could reduce your premium by 5-10 percent.

*Data provided by Consumer Federation of America

Home Insurance Your comprehensive guide

Unless you work in the insurance industry, you probably have a lot of questions about buying your first home policy. Understanding more about your options and how insurance companies operate should help you get the best possible deal.

Home insurance is a complex issue, but you can make decisions easier by breaking them down into smaller questions, gathering pertinent information, and reviewing your options. While some of the following points might not apply to you, they offer a generalized approach to reviewing and selecting a homeowner’s policy that meets the needs of most people.

Why You Need Home Insurance

Homeowners insurance is a type of multi-line policy that covers residential buildings and items kept at residences while protecting the owners from liability. Homeowners need this type of policy because they:

  • Satisfy insurance requirements set by mortgage lenders
  • Protect owners from liability
  • Pay to replace damaged or destroyed property

Without home insurance, owners could face steep repair costs. Replacing a roof often costs between $2000 and $8000 according to Angie’s List. Imagine spending that much money out of pocket after a storm. With home insurance, you only have to pay a deductible (usually around $500) for your new roof.

Letting home insurance coverage lapse does more than just expose you to high repair costs. It also makes you look like a bigger risk to other insurance companies. When your policy lapses, other insurance will conclude that you either cannot make your payments on time or that you are unreliable at making timely payments. Either way, it can prevent you from getting a good policy at an affordable rate. Some companies won’t approve you for a policy at any price because they see you as a risk that they do not want.

U.S. Insured Catastrophe Losses

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  1. 2012 CAT losses were down nearly 50% from 2011 until Sandy struck in late October.
  2. US CAT losses in 2012 will likely become the 2nd or 3rd highest in U.S. history on an inflation-adjusted bases (pvt insured). 2011 losses were the 5th highest.
  3. Record tornado losses caused 2011 CAT losses to surge.

The recent rise in weather-related property losses due to catastrophes affects both providers and policyholders. Homeowners are particularly affected by unforeseen property damages that are frequently not covered under standard home policies.

What Your Policy Should Cover

Whether you’re a first-time homebuyer or a seasoned homeowner, assessing your coverage needs can be a difficult process.

Chances are that your mortgage company will require you to purchase homeowner’s insurance, so you don’t have a choice. That’s okay because every homeowner needs insurance protection. You just have to know how to compare policies to choose an option that covers your needs at an affordable price.

Before you start comparing policies, though, consider what levels of coverage you need. Most first-time homeowners get the best protection by choosing a policy that:

  • Covers the cost of rebuilding the home
  • Covers their personal belongings
  • Protects them from liability

If a policy falls short, then you probably need to look for a better option. Insurance policies that fall short of these protections leave you open to risk and probably won’t meet your mortgage company’s standards.

Home insurance should cover number events that would otherwise leave you with a large repair bill. A Consumer’s Guide to Home Insurance lists numerous perils covered by home insurance. These include:

  • Fire, smoke, wind, hail, explosions, lightning, and civil unrest
  • Theft and vandalism
  • Falling objects, such as trees
  • Weight of snow, sleet, freezing rain, or ice
  • Ruptured or overflowing heating, air-conditioning, plumbing, and sprinkler systems

Know How to Read Your Policy

According to the National Association of Insurance Commissioners, most home policies have at least six sections that define types of coverage. In most cases, insurance companies will assume that your personal property is worth about 75 percent of your home’s value. That means that if your home is valued at $200,000, a standard coverage plan will generally cover up to $150,000 in personal property coverage. But while it represents the bulk of your policy, personal property coverage represents just one piece of your overall policy. Familiarize yourself with the terms set in all six sections to better understand your coverage levels:

Section A: Physical Damage to Your House

Section A explains how much you will get paid when your house is seriously damaged. If you want to cover the replacement cost of your home, then make sure this section gives you that option. After you agree to the policy, the insurance company will not pay you more than the amount specified in this section.

Section B: Physical Damage to Other Structures

This section covers other structures on your property. This can include sheds, detached garages, and fencing.

Section C: Personal Property Damage

Section C covers the items that you keep in your home. This can include everything from high-end stereo equipment to your children’s clothing. Like Section A, you have some flexibility here, so you want to choose a coverage amount that makes you feel comfortable. Ideally, your policy can replace everything you own after a burglary or extensive damage to the house.

Section D: Additional Living Expenses

Section D tells you how much money you can get from the insurance company when you have to live away from your home.

Let’s say that a storm damages your roof so badly that you cannot live in the house anymore, so your family has to move into a hotel during home repairs. This section specifies how much money you can get for those extra expenses.

This might seem unnecessary, especially to young people who don’t have children, but Section D could potentially save you a lot of money. According to Travel and Leisure, the average daily rate of a hotel room in San Francisco is about $160. Even in smaller cities, such as Denver, you can expect to spend about $100 per night. It doesn’t take long before lodging and food becomes more expensive than your mortgage payment.

Section D protects you from those extra expenses. Remember, though, that the insurance company will only pay up to the amount specified in this section. Anything over that amount is your responsibility.

Section E: Comprehensive Personal Liability

Section E offers comprehensive liability insurance that protects you from lawsuits when you accidentally cause damage to someone else’s property. It also protects you when you get injured on or off your property.

Section F: Medical Expenses

If someone gets injured on your property, Section F of your insurance policy protects you from medical bills and lawsuits. According to the Washington Post the average emergency room visit costs $1,233 (with the possibility of paying as much as $24,000 for something as simple as a sprained ankle), so this is an important part of your coverage.

Identify Coverage Gaps

Unfortunately, standard home insurance policies don’t cover everything that could damage your property. Without extra policies that cover these gaps in coverage, you don’t have any protection against some common disasters.

In September 2013, large areas of Colorado experienced floods that ruined homes and businesses. According to CBS News, more than 7,200 homes and businesses in Larimer and Boulder counties were damaged by the floods. About 1,200 of those affected did not have flood insurance. That mean they will have to pay for repairs on their own.

The good news is that additional coverage helps protect you from disasters not included in your policy.

The bad news is that storm-related coverage gets more expensive every year. Homeowners living in flood prone areas usually rely on the National Flood Insurance Program for affordable coverage. Unfortunately, the Time Magazine reports that costs will rise 25 percent per year until they equal the actual risk of covering homes in flood-prone areas. In other words, someone who paid $500 for a government-subsidized flood policy in 2012 can expect to pay over $1200 by 2016. Some of the most common gaps in standard insurance policies include:

  • Pollution damage
  • Earthquakes, landslides, mudflows, and other land movements
  • Acts of war or overthrow of the government
  • Damage caused by animals, birds, or insects, such as termites
  • Damage deliberately caused to the home
  • Normal wear and tear

How to Shop for Your Best-Fit Policy

1. Consider Coverage Needs in Terms of Your Lifestyle

Your phase of life should heavily inform which level of insurance you opt for.

Young, Single Buyers

A young person who doesn’t have any children might not need as much coverage as a family. When you don’t need to worry about protecting children and other family members, then you can often raise your deductible, save more money, and accept higher risk.

Young Families

If you start a family, then you should consider how your homeowner’s policy affects them. Suddenly, you might not have an extra $500 to spend on home repairs (learn more about this below under Controlling the Cost of Home Insurance).

You might also need more protection from Section D of your policy, which covers additional living expenses if you cannot live in your home . A single young man or woman might not mind spending a week sleeping on someone’s couch, but your children will need a more stable environment, especially after a catastrophe that causes significant damage to their home.

Established Families and Retirees

As your children get older and you near retirement, you can adjust your insurance needs again. Depending on your financial situation, you might want to raise your deductible again so that you can save money on your monthly premiums. With fewer people relying on you for financial and emotional support, you might find that you can take a little more risk.

2. Find Insurance Professionals You Can Trust

If you want a good policy, but you don’t want to do a lot of work to get one at a low price, then you should consider using an independent insurance agent. Independent agents can browse policies from several companies. That lets them give you succinct information about your options so that you can choose a policy without doing much research on your own.

You can check a company’s credentials by contacting consumer agencies in your state. Agencies like Standard & Poor’s can also give you company ratings that will help you decide which ones you can trust.

3. Assess Your Add-on Policy Needs

Many homeowners find that they need additional coverage to protect themselves, their homes, and their personal belongings. Additional and unique policies fill those gaps in coverage. The price of these add-ons can differ greatly depending on where you live, your home’s value, and what you want to cover.

Additional Policy Options

  • Flood Insurance: essential for anyone living in flood-prone areas. The average policy costs about $650 per year.
  • Earthquake Insurance: earthquakes can happen anywhere, but they’re most likely along fault lines. The average earthquake insurance policy costs about $700 a year.

Unique Policy Types

  • Modified Coverage Forms: great for people who own older homes with replacement costs that exceed market value.
  • Condominium Unit Owners Form: insurance specifically designed for people living in condominiums.
  • Dwelling Fire Form: pays for repairing fire damage, but does not pay for liability, personal property, or medical expenses

Other Weather Hazard Protections

  • Guaranteed Replacement Cost Coverage: extends your home insurance coverage by up to 20 percent.
  • Inflation Guard: increases your insurance coverage limit over time.
  • Personal Umbrella Liability Insurance: additional liability protection that exceeds that offered by your standard home insurance policy.
  • Scheduled Personal Property: additional coverage for expensive belongings such as art, jewelry, and furs that exceed the typical personal property coverage of a home policy.

4. Find a Quality Provider

Now that you know what level of coverage you need, you can start comparing companies and policies. Start by using the National Association of Insurance Commissioners website to weed out companies that have received a lot of complaints. The NAIC will tell you whether an insurance company has received complaints about things like:

  • Claim handling delays
  • Claim denials
  • Unsatisfactory settlement offers
  • Canceling policies
  • Poor customer service

You can also contact your state’s Insurance Commission to learn more about the insurance companies that serve your area and a listing of all licensed insurance agents and brokers. You can find contact information for your state on this NAIC map.

5. Know the Right Price

Insurance companies look at several factors when determining how much to charge for home policies. Standard questions include:

  • How old is your roof and plumbing?
  • What is the value of your home?
  • What is your home’s rebuild cost?
  • How old is your home?
  • Does the home have a swimming pool?
  • Does the home have a security system?

The insurance company will also look at your address to determine things like:

  • Whether you live in a high-crime area
  • How close the nearest fire station is to your home
  • Whether you live in an area prone to wildfires, flooding, storms, or earthquakes

All of this impacts the price of your policy.

Once you have several quotes, you should know the fair value of insuring your home. You might have a few outliers (companies that charge extremely high or low prices), but most of them will cluster in a price range.

Beware of companies that offer extremely low prices. They’re attractive to buyers, but they usually have low prices for a reason. Remember that customer service matters, too. If a company doesn’t give you prompt responses now, then they certainly won’t after you’ve already paid for a policy. Always double check the NAIC database before you purchase insurance from a company that seems exceptionally cheap.

Average Premium for Home Insurance Policies *

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Home Insurance premiums are rising in response to higher catastrophic losses.

Homeowners should be aware that average premiums are going up due to higher rates of property losses nationwide.

How to Lower Your Risk Level and Your Rates

Homeowner coverage premiums might feel outside of your control, but you can do some things to reduce your risk level in the eyes of insurers. If you feel like prices are too high, consider using the following tips to make policies more affordable. Each one can have an impact on how much you pay every year.

Raise Your Deductible

Your deductible is the amount of money that you have to spend out-of-pocket before the insurance company starts picking up the tab. Raising the deductible makes you more responsible and reduces the insurance company’s risk. That usually means you pay a lower rate.

Keep in mind that you do have to accept additional risk when you raise your deductible. Only raise your deductible if you can afford it. If you don’t have enough money to pay for $1000 of repairs, then you shouldn’t have a $1000 deductible.

Assuming that you can afford a little more risk, you can save quite a bit of money. According to a booklet published by the Insurance Information Institute, most insurers recommend a $500 deductible. Raising the deductible to $1000 could lower your bill by as much as 25 percent.

Improve Your Credit Score

Insurance companies assume that people with good credit scores are more responsible than those with poor scores. Maintaining a good credit score makes you look less risky to insurance companies, so they’re more likely to give you lower prices.According to myFICO, you can keep your credit score healthy by:

  • Paying your bills on time
  • Reducing the amount of money that you owe creditors
  • Keeping credit card balances low
  • Checking your credit score annually to find mistakes

Install Extra Security

You could qualify for discounts by installing deadbolt locks, smoke detectors, and a security system in your home. Those willing to spend money on an in-door sprinkler system that puts out fires and contacts the police automatically can save as much as 20 percent.

Get Serious About Home Improvement Projects

You can make your home safer and more appealing with some simple improvements. Putting a fence around a pool, for instance, could lower your insurance premium. Other noteworthy improvements include:

  • Updating your electrical and heating systems
  • Replacing old water pipes
  • Installing a new roof
  • Replacing damaged patios and decks
  • Repairing wood, tile, and linoleum floors

Bundle Your Insurance

Many insurance companies offer discounted prices to customers who purchase multiple policies. Buying your car and home insurance from the same company, for instance, could give you a five to 15 percent discount.

Bundling discounts vary from company to company, so explore your options by asking for quotes that include multiple policies.

Ask About Discounts

You could qualify for insurance discounts for any number of reasons. Members of the military often get discounted rates. Geico, for instance, gives a 15 percent discount to military personnel. You might also get a discount for belonging to an alumni, professional, or travel association. (Some associations have deals with insurance companies that lower costs for their members. Other memberships show insurance companies that you are the kind of client they want.)

Ask companies to give you information about discounts so you can explore all of your options. You don’t want to miss any way to lower your insurance costs. Even if you only save a small amount each year, those discounts add up to big savings.

Don’t Switch Providers Too Often

Insurance companies want to keep their customers, so they often reward loyalty with discounted rates. Switching erratically from company to company can make you look risky. Insurance companies often share information with each other, so they know that you jump from policy to policy.

Never Stop Shopping

Staying with the same home insurance company for many years could lead to cheaper rates. Still, this doesn’t mean you should necessarily stay with the same company for life. If you can get comparable coverage from another provider at a better rate, go for it. By comparing insurance companies every few years, you can make sure that you never pay more for the coverage that you need. Just don’t make a habit of switching providers every year.

The Takeaway: Remember the Basics

You don’t have to be an insurance expert to get a good deal on a home policy. Just remember the basics:

  • Your homeowner’s policy has at least six areas of coverage that you can adjust to match your unique needs
  • Floods, earthquakes, and wildfires are rarely covered, so you might need an additional policy if you live in an area prone to these and other disasters
  • The price of your insurance policy depends on many factors, including where you live and how much coverage you need
  • You can control the price of your policy by making certain decisions about where you live, how you protect your home, and how much risk you are willing to accept
  • Always ask about discounts
  • Bundling your home policy with other types of insurance often gives you cheaper prices
  • Your policy needs will likely change throughout your life, so it’s up to you to decide how much coverage you need during each of life’s phases
  • Always research insurance companies before buying their policies. Fraud does exist in the insurance world. You do not want to fall victim to unscrupulous companies
  • Some licensed insurance companies offer better services than others. Use the NAIC database to make sure you choose a company with few complaints

As long as you keep these basic points in mind, you should be able to navigate the insurance world without too many problems. Whenever you feel overwhelmed, take a step back, review the above information, and approach your options confidently.

Buying home insurance for the first time can feel stressful (as does buying it for the second, third, or fourth times), but you probably have more control over the situation than you realize. Informed, savvy buyers can make better decisions than those who don’t know how to compare options or even get the information that they need to compare policies. That means you’re prepared to make a decision that will protect your home and family without spending more money than necessary.

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