Q&A Topics

Monday, October 19, 2009 11:50:23 AM

Is there any way I can lower my rates for homeowners insurance?

Many insurance companies offer better rates on homes that are more modern and have fewer hazards. Insurance companies look at the property in question and calculate the possibility of a payout. A house with up-to-date electrical and heating systems are low risk. An insurance company will charge less for a modernized home than for an older one with outdated systems. Some insurance companies also give discounts for safety devices, such as upgraded security systems, fire alarms, or a dead bolt locks on doors.

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Laura Adams is a personal finance expert, award-winning author, and consumer advocate. As Senior Insurance Analyst, she represents insuranceQuotes in the media and works to make sure consumers protect their financial futures by having the right kinds of insurance.

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