Save Money on Homeowners Insurance

With the tough times many of us are facing today due to the economic downturn, we’re all re-evaluating the fixed costs in our lives and businesses and seeing where we can cut corners.

For those of us living in Texas, we now have a valuable resource to determine if we are paying a competive rate on our home and auto insurance. Consumers can now shop for better rates at a new state web site: www.helpinsure.com

The site, run by the Texas State Department of Insurance, offers a breakdown of premiums for areas around the state. Comparisons show that the cost of homeowner’s policies can differ by hundreds of dollars a year for similar houses within the same zipcode!

An example based upon rate from the 27 largest home insurance companies in Texas reveals, that a typical $150k brick home in Dallas County, where the owner had an average credit rating and no insurance claims for the previous 5 years…shows a range from $704 to more than $2200 a year. Now that’s a significant spread and worth looking into!

Consumer watchdog groups have contended for years that we in Texas pay rates that are far too high (one of the highest in the nation), so this service may be invaluable, especially in these penny pinching times.

Bottom line…rates can vary dramatically and it pays for people to shop around for home insurance, just like we now do with car insurance!

-Sandy Luedke
Broker
Ideal Real Estate Group

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2 Comments on “Save Money on Homeowners Insurance”


  1. home owner insurance in texas…

    I can’t believe that I missed your point, I will have to do some research on this….


  2. Great post! Thank you for the info.

    Did you know that many insurance companies offer additional discounts for having a monitored security system? This discount may be increased by having monitored fire detection as well. While some insurance companies discount up to 20% most companies range between 10% to 15%.

    Very important – use only licensed companies to install your security alarm and fire devices. There are two separate licenses in the State of Texas and one does not allow you to perform the other.

    For more security related information please see our blog at http://www.MyNTX.com/blog


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