How to Shop for Homeowners Insurance

If you have a mortgage, your lender will require you to obtain a homeowners insurance policy to protect against damage or loss of the home. Most companies that sell these policies will give home insurance quotes by phone, on the web and in person at multiple office locations. You should compare home insurance companies before considering a policy. Information about property insurance companies is available for free online from consumer organizations and state regulatory agencies.

Visit the websites of reputable insurance companies that underwrite homeowners policies, such as State Farm, Farmers and Allstate (see the Resources section). Use the web tools to obtain insurance quotes from several companies to have an idea of which ones offer the best rates in your area.

Check for consumer complaints about insurance companies and agencies that you are considering by looking them up on the Better Business Bureau (BBB) website and with the state department of insurance (see the Resources section), advises the Pueblo, Colorado, Federal Citizen Information Center. Avoid companies and agencies that have multiple complaints registered against them.

Compare home insurance quotes, line for line, to see exactly what each policy covers and for what amount. Check the deductible listed as well.

Look for ways to receive discounts on your home insurance policy. Select a higher deductible and insure your vehicles with the same company. Upgrade your property to improve security and safeguard against damages with locks, lighting and alarms, as well as current electrical wiring and plumbing, suggests the Pueblo, Colorado, Federal Citizen Information Center.

Tips

  • Review your homeowner's insurance policy annually to be sure it covers your home and possessions. Find out if you qualify for additional discounts when renewing a policy with the same company.

References

About the Author

Jonra Springs began writing in 1989. He writes fiction for children and adults and draws on experiences in education, insurance, construction, aviation mechanics and entertainment to create content for various websites. Springs studied liberal arts and computer science at the College of Charleston and Trident Technical College.