September 24, 2021

How to Finding An Affordable Home Insurance Policy

Average cost of home insurance

We live in a world of unexpected changes. Natural disasters and accidents could happen at any moment, and thieves could be just a few blocks away in your neighborhood. Know how to protect yourself before it's too late. The following article will highlight several helpful hints when it comes to homeowner's insurance.

Finding affordable home insurance

Clearly there's a need for home insurance, but the question is how do you find the most affordable policy without leaving behind important coverages.  Take a look at using a Home Insurance BrokerHome insurance brokers shop multiple carriers for the best available rates from leading "A" rated companies which saves you time, money and energy.

With the typical home policy in the Midwest reaching on average $1,000 brokers are able to find the best coverage at lower rates.  Recently Insurance Brokers Group was able to find a home located in Missouri with over 2,400 sq. ft., two fireplaces a policy with a major insurance carrier for less than $300 a year...a third of what the homeowner was paying before.  Take advantage of this free service provided exclusively by insurance brokers, and see if you can lower your home insurance premium and mortgage payment.

Quick Tips for lowering your current homeowners insurance premium

Take a look at your deductible and decide if you can afford to raise it $500 or more.  Don't file unnecessary claims or claims that come close to your deductible, i.e. $1,000 deductible and $1,200 claim.  Those small claims can add up fast over the course of 3-5 years which means you may be faced with a cancelation or large rate increases at your next renewal.  Call a contractor to get bids or estimates before deciding to file a claim or if you have a trust broker, ask their opinion to see if it makes sense to file a claim.  Remember when you contact the insurance company directly the first question is going to be "what's your policy number?"  Once you give that information, regardless if a claim is paid or not, you now have an incident listed which may impact your ability to shop for lower rates.  Insurance companies share data with other carriers, specifically any filed or paid claims.

Why you need a home insurance broker

Home insurance brokers can be a trusted insurance advisor for generations since they are able to move you from company to company at anytime in the event your current homeowners policy excessively raises your rates.  Having the peace of mind that home insurance brokers are looking out for you long-term, not just a quick sale.  Or as we like to say, home insurance brokers "build" relationships.

For more information or to receive quotes online visit or call: 800-459-6060 or Click HERE

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John Espenschied is a long-time veteran of the insurance industry. He's worked with thousands of clients over the years, helping to protect their personal and business needs. John's goal is to provide the best advice possible to assist customers in saving money while protecting their property and securing their financial future.
He truly enjoys helping others and takes great satisfaction in providing top-notch customer service. When he's not working, John has fun spending time with his family, golfing, bike riding, and blogging on insurance topics.