Ten Factors that Influence Your Home Insurance Rate |
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9. Retiree?
If you are over the age of 55 and retired, check with your insurer to see if you qualify for a discount. "Most insurance companies offer these discounts because retired people are home more and can spot fires sooner than working people and have more time for maintaining their homes, " says Neagle. Some companies will offer discounts of up to 10 percent to seniors who qualify.
10. Group Discounts
As with other types of insurance coverage, you can often obtain better rates if you get coverage through a group plan. Check with your employer, alumni association, or other affiliations to find out if they offer group coverage.
Resource
To research an insurer's quality rating, go to Quicken's InsureMarket. The site lists A.M. Best, Duff & Phelps, Moody's Investor's Service, and Standard & Poor's ratings and also offers estimates from different insurers in your area free of charge. You can also contact your state's insurance department (under state government listings in the White Pages) for a record of complaints against your insurer.
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