| There are a lot of factors that go into | | | | premiums are adding up to savings. |
| determining exactly what your rates or premiums | | | | 1) Subtract the lowest deductible amount being |
| will be for your homeowners insurance policy. In | | | | offered, from the highest. |
| order to secure the lowest rates, you have to | | | | 2) Subtract the lowest premium amount from the |
| take certain steps and make certain decisions. | | | | highest. |
| One of the biggest factors that determine how | | | | 3) Divide the number that you come out with in |
| much you will pay every month is the deductible. | | | | the first step, by the number you get in the |
| Everyone knows that choosing the highest | | | | second step. |
| deductible will net you the lowest rates. However, | | | | If the number that you get after you do all the |
| is it truly saving you money to do so? | | | | steps is less than 8, it makes sense to go with |
| Luckily, there is a simple mathematic formula that | | | | the higher deductible amount. Remember, getting |
| will help you to determine whether or not a high | | | | the lowest homeowners insurance rates are only |
| deductible is paying off for you financially. It is | | | | half the battle. In order to make a truly good |
| estimated by most insurance experts that a claim | | | | financial move, you need to take the claim making |
| on a homeowners insurance policy is made every | | | | aspect into consideration. Chances are, you will |
| 8 to 10 years. Therefore, take the following steps | | | | have to make a claim sometime. |
| to determine if your high deductible and lower | | | | |