Insurance companies in Washington State that sell homeowner's insurance have to be careful about how much your credit history can change your rate. Even though it can affect how much your premium will be, it doesn't matter as much as it does in many other states. This may help someone who hasn't had the best of luck in the past and wants to get home insurance. But a lot of other things play a big role in how cheap your rates will be in the end.
If you want to get cheap home insurance rates, think about the following:
Before you buy a home, you should have it checked out. If you buy a house and then find out it has damage to the structure or could catch fire, your insurance costs will go up. If you find out ahead of time, you can save a lot of money.
Ask if there are any discounts on safety gear. Many homes have smoke alarms, carbon monoxide detectors, fire extinguishers, and sprinklers that turn on by themselves if a fire starts. Your home insurance rates can go down if you do any or all of these things. If you don't already have them, you might want to spend money on them.
Find out from your mortgage company how much the minimum deductible must be. Many mortgage companies set a minimum deductible that must be met. Most of the time, if you choose a higher deductible, you'll save money on your premiums.
Some insurance companies will give you a lower rate if you have a list of what you own. Ask your agent about any deals he might have.
No matter who you go to in Washington State for homeowner's insurance, make sure you have enough coverage to replace everything. Most people don't know how much their things are worth, so don't do this. When you realise you can only replace some of your things after a disaster, the money you saved on a lower premium won't help.
