:::: MENU ::::
Posts tagged with: homeowners insurance

5 States with Affordable Homeowners Insurance

by

It’s common to find people relocating from one part of the country to the other these days. Many people do it as they change jobs or as a result of personal or family needs. If you’re planning to relocate, there are various factors you ought to consider first before deciding on your new place of residence.

Top on the list of factors that many people consider when moving is real estate value. What many prospective homeowners don’t stop to think about is the cost of homeowners insurance. The cost of homeowners insurance adds up to the total cost of maintaining your home, so it’s in your best interest to make sure the area you’re moving to doesn’t have any bizarre homeowners association requirements pertaining to homeowners insurance and the like.

There’s always the option of comparing homeowners insurance quotes online to land the best deals in insurance premium rates. The actual cost of your insurance premium will depend on a number of factors including deductibles, the coverage you choose and the cost of the property you wish to insure. The location also plays an important role in the cost of insurance.

The National Association of Insurance Commissioners determined the average cost of homeowners insurance across the U.S. to have been $1,086 in 2013. This was a six percent increase from the average rate in 2012. According to Investopedia, the cost of homeowners insurance claims has been rising since 1997. As a result, insurance rates have risen by more than 50 percent in 10 years. If you want to control the cost of your insurance premiums, consider the location you’re relocating to carefully.

The following are five states with the lowest rates for homeowners insurance premiums.

Idaho ($533)

Idaho tops the list as the least expensive state for homeowners insurance with insurance premiums averaging $533 annually. This is slightly over half the national average. The state is popular amongst prospective home buyers and has experienced significant appreciation in home prices over the years. With low burglary rates of 12.7 percent, the state is considered quite safe.

Oregon ($558)

Oregon came in a close second with an average rate of $558. The average burglary rate in the state is also quite low. However, the average price per square foot for houses in the state is higher than that of Idaho, causing insurance companies to charge higher premiums.

Utah ($574)

Utah is one of the most affordable places to purchase a home in the U.S. It is also one of the most affordable states to live in. Low crime rates and high employment rates all contribute to lower insurance premiums offered in this state.

Washington ($639)

It may seem surprising to many people to hear that Washington ranks amongst the cheapest states for homeowners insurance. One would expect the high price per square foot of homes as well as the higher crime rates to increase the insurance premium rates. However, high competition amongst insurance companies also plays a role in the cost of insurance in this state.

Wisconsin ($655)

This state comes in fifth with an average insurance rate of $655. This may be attributed to low burglary rates as well as low-price per square foot for homes in the region.

Take Control of Your Expenses

You can easily control the cost of your homeowner’s insurance premiums by deciding to relocate to an area with a low average rate. However, if you don’t have control over where you relocate to, you may want to consider the following:

  • Increasing security of your home to lower insurance premiums. Invest in burglar and other security systems to keep your home safe.
  • Increase your deductible to lower your premiums. This will, however, result in a greater out-of-pocket expense when you make a claim.
  • Avoid filing claims. The more claims you file, the higher your insurance premiums.

There are various insurance providers in the market. Always compare insurance quotes from different insurance providers to ensure that you get the best deal.


Get Quotes Easily for the Insurance Plan You Need

by

Insurance is something that many Americans often overlook, but one that you’ll never regret having if you need to use it. While you may already have some coverage, it’s possible you are unaware of its inadequacies. You could also be vulnerable because you don’t have certain policies that you need. With the help of an agent, it’s easy to understand policies and get an estimated cost.

It’s important to learn about the various options of coverage to invest in. It’s simple to be knowledgeable about the multiple policies available and get insurance quotes for your new potential plan.

Do You Need Auto Insurance?

Considering your needs means you should think about your coverage regarding your car. A recent study shows that 56 percent of deadly car accidents in the United States were due to aggressive driving. This is a serious problem that affects everyone on the road. Even if you’re a safe driver you could be vulnerable to dire financial consequences if you don’t have your own insurance. A liability plan is great to protect you in the event of an accident.

There are more types of auto insurance available depending on your needs. For example, you can get your car insured as your property in order to protect yourself against theft. According to an FBI investigation, there were 699,594 thefts of motor vehicles in 2013. Furthermore, you can get medical coverage in case of an injury through certain plans. If you need to be safeguarded while driving, consider getting insurance quotes for auto insurance today.

What About Homeowner’s Insurance?

If you own a home it’s a smart idea to get covered. There are multiple risks associated with owning a home, including natural disasters, property damage, and injuries. New statistics provide us with the information that 119 catastrophes resulted in homeowners’ losses of 15.3 million dollars in 2014 in the United States. Depending on where you live, you could be vulnerable to particular disasters, such as earthquakes, floods, or hurricanes. Getting insurance quotes for natural disaster coverage is important to keep yourself and your property protected.

Did you know that owning pets could put you at risk? If any of your pets cause an injury to someone in your home, you could face major financial consequences if you don’t have the proper coverage. A recent national survey shows that 68 percent of homeowners have pets. If you’re one of those statistics, you could benefit from homeowners insurance greatly.

Do You Own a Business?

The responsibilities of owning and operating a business include ensuring the safety of yourself, your employees, and your property. There are different options available depending on the size and location for your business. For example, the same coverage isn’t going to apply to a small business and a large corporation. It’s important to work with an agent to get insurance quotes and find the specific plan you need. One of the most common plans for any business is liability coverage. This protects you against possible claims made against you.

It’s Easy

There are so many opportunities to make sure all of your assets are covered. Take the next step as soon as you’re ready. Contact an agent and get the insurance quotes you need to help make your decision.


Diving into our Emergency Fund…Again

by

We received an interesting letter from our insurance company. They ‘asked’ us to install safety flood lighting in front of our home due to the continuation of the seemingly never-ending legal battle we’re in. If changes are not made by the date listed, we would be dropped.

Murphy’s Law has moved in to our home.

Let’s see, the incident happened nearly three years ago, didn’t happen on my property, and wouldn’t have been prevented by flood lights but…

Sure. Now seems like a great time to demand a change (To be fair, there are 5 watt nightlights brighter than our porch lamp so I can’t exactly fault them for saying we are inadequately lit).

My husband knew how to run the wire and install the fixtures but the $300 price tag for materials pushed us over the edge. We had to…

Dive into our emergency fund.

The whole weekend, as my husband made repeated trips to Lowes, I tried to figure out how we could possibly pay for it without dipping into our emergency cash.

When the job was done, my husband suggested we recycle the stack of cans he had been saving and I thought, ‘Sure. $5 of recycling is going to save us’ but went along anyway to help him sort the bottles and cans.

30 minutes of sorting in 95 degree heat really helped my attitude problem.

How much did we net at the recycling place? $477.85.

How? My husband took the $27.85 earned from recycling and, since neither of us had our wallets, lifted the lid to put it in his truck center console and found a $450 check payment from a side job he was paid for a month and a half ago and forgot about. (Yes, that was a long run-on sentence)

If I wasn’t so happy about putting it back into our emergency fund, I probably would have smacked him for forgetting about it in the first place.

Emergency floodlights and part of the vet bills… covered. Whew!