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How to Negotiate a Cheaper Rate on Insurance

There was a time when you couldn't get cheap house, or renters insurance, because there may not have been many insurance companies to choose from. Today, however, it's a different story. The Internet and the explosion of insurance providers have provided consumers with more choices than ever before. More importantly, now consumers have more control related to getting the best, cheaper rates on homeowners or renters insurance.

Tips for Getting Cheaper Homeowners Insurance

Here are some great money-saver tips for getting cheaper rates on house insurance.

  • Install safety alarms or security devices in your home. Doing this helps reduce the potential risks from accidents, like fires, or burglaries, and you are less likely to file a claim with the insurance company. This will incentivize your insurance companies to offer cheaper rates when you negotiate discounts with them.
  • Consolidate your policies. Generally, most people have more than one kind of insurance - health, home, auto, and life. If you haven't already done so, consider having all your insurance policies with one company. It is a good bet that this will result in considerably cheaper discounts for multiple policies
  • Shop Around. Ask for recommendations from friends, family, or research possible insurance companies online. The latter provides the easiest way is to comparison rates and quotes.
  • Opt for high deductibles. Realize that your savings on homeowners insurance will depend on the cost of your deductible. The higher your deductibles, the lower premiums. But consider this option only if you can afford high deductibles.

Getting the Best Renters Insurance Rates

Similar to researching choices for homeowners insurance, you can go online to get free renters insurance quotes. What's nice about this method is that you are able to get multiple quotes conveniently, and with no cost and no obligation.

Renters Insurance Liability Coverage Protection

Accidents will happen. As a renter, potential liabilities include injuries to visitors that occur in and around your home as a result of unsafe conditions.

Make sure you discuss this very important subject with the insurance company. Ask if this type of coverage can protect you from many types of liability claims and lawsuits brought by others for accidental bodily injury or damage to their property while in your apartment. In addition, find out if the insurance company offers optional liability coverage options for renters, such as personal injury, additional premises coverage; home day care, etc.

Generally speaking, there isn't a lot of difference between homeowners and renters insurance. In both cases, conducting your due diligence will result in getting the best, most affordable rates, whether it's homeowners or renters insurance.

About the Author: is an avid writer and content specialist for US Insurance Agents. John authors articles and other content for the company's insurance websites. Google+