Homeowner's Insurance

Homeowner’s insurance is an extremely expensive component of your budget, but it is one you should definitely not go without. For many people, their home is their largest asset and it must be carefully protected. This being said, it is very possible you are paying far too much for your homeowner’s insurance coverage. The state insurance commissioners of most states produce a comparative listing of homeowner’s insurance prices. For a $225,000 brick home in Utah, yearly premiums for the same coverage range from a low of $396 to a high of $908. If a 25-year-old was able to save just half of this difference each year and invested the savings, this decision could be worth over $250,000 by the time he/she retired. Follow the links below to learn how you can save on Homeowner’s insurance.

  1. Insurance Rate Information by State. Use this great resource to find your state’s insurance department rate information. This is the best, most objective, place to begin your comparison shopping for Homeowner’s insurance.
  2. http://www.pueblo.gsa.gov/cic_text/housing/12ways/12ways.htm this is a great guide from the Insurance Information Institute that gives you twelve great tips for further reducing your house insurance premiums.
  3. http://www.privacyrights.org/fs/fs26-CLUE.htm is a great site that helps you understand more about CLUE reports and how avoiding small claims can help you lower your insurance premiums.