One of the biggest milestones in American life is buying your first home. For many, it’s ultimately the most valuable investment they ever make. Protecting an asset that large is of utmost importance. That’s why about 88% of all homeowners carry some form of insurance, typically in the form of homeowners insurance.
Some new homeowners — especially young ones — don’t shop around that much for home protection. They pounce on the first homeowners insurance quote they receive to get the task over with. But obtaining and comparing several homeowners insurance quotes can make a big difference in saving money. It can also bolster your coverage and ward off future financial stress.
Why Should I Compare Homeowners Insurance Quotes?
Lining up multiple quotes for homeowners insurance is smart, and not just for financial reasons. There’s no boilerplate for insurance coverage, and different insurers assess risk in various ways. Some may offer lower premiums but omit important protections. Others might charge more for broader or specialized coverage.
With multiple quotes in hand, you can customize and adjust deductibles, riders, and coverage limits to suit your needs and your pocketbook. Keeping track of the quotes you get makes it easier to see how much you can save in several scenarios.
Getting multiple quotes goes beyond merely answering the question, “How much is homeowners insurance?” It can also reveal other differences between prospective insurance companies.
You might find some companies have better customer service or can process claims faster. Combining those factors with the quotes makes it more possible to get the homeowners insurance you need and potentially save hundreds in premiums.
How Many Homeowners Insurance Quotes Should I Get?
An ideal range is three to five different homeowners insurance quotes, if you are shopping yourself. This gives you enough information to get a snapshot of cost and coverage variations without burying you in details and decision pressure. If possible, shop around a diverse range of insurer types, from the big national players to smaller regional or local insurers. By working with an independent agency, like Warrior Insurance, the agents shop for you to find the best quote.An ideal range is three to five different homeowners insurance quotes. This gives you enough information to get a snapshot of cost and coverage variations without burying you in details and decision pressure. If possible, shop around a diverse range of insurer types, from the big national players to smaller regional or local insurers.
The internet can be of great help. A few websites compare different insurance carriers accurately. However, it’s important to follow up with each separate insurance company in person to get more specialized quotes and coverage details. Find out what’s in the fine print of their policies before you read them yourself.
What Should I Look for When Comparing Quotes?
Besides the primary premium quotes, look at other factors that could guide your decision:
- Premium vs. Deductible: Lower premiums could mean higher deductibles, and vice versa
- Included Coverage: Find out whether coverage for natural disasters is included, if applicable
- Exclusions and Limits: Some policies might omit common claims or have low payout caps
- Discounts: Ask whether you can save money by bundling, installing alarms, or having good credit
With all the information in hand, you’ll be prepared to receive quotes for the coverage you require.
Get Competitive Homeowners Insurance Quotes Now
Spending quality time to review different homeowners insurance quotes can be a lifesaver in the future, possibly resulting in superior coverage and long-term savings. Don’t settle for the first quote you see. Ask follow-up questions and shop smartly.
Warrior Insurance & Services Group offers competitive insurance policies that stack up well against other insurers, large and small. Contact us to get started on a comprehensive quote.
