How to Lower Homeowner's Insurance Rates

Every year I anxiously await Richard Paul Evans’ newest novel. Imagine my surprise, a few years back, when I discovered his newest book, The 5 Lessons a Millionaire Taught Me About Life and Wealth, wasn’t a novel at all, but a financial guide. I’d wanted to get sucked into a great story, only to be asked by my favorite author to look my darkest fear straight in the eyes. Plus, I was skeptical. I had failed financially too many times not to be. But as I turned each page, I felt hope grow inside me, and excitement. This, I thought, is something I can do!

After reading about the “Seven Golden Words”, I set The 5 Lessons down and called my phone company. Once connected with the representative, I asked how his day was going, and then asked if my phone rate was the best they could do? It only took a few minutes for him to cut unnecessary services and fees from my phone bill and reduce my payment by more than $30 a month!

With proof that the “Seven Golden Words” worked, I set out to fry a bigger fish: namely my homeowner’s insurance rate, which had been steadily climbing for years.

Instead of expressing my frustrations to the woman who answered my call, I kindly explained my situation and asked if she would help me find ways to reduce my rate. It worked like a charm, as she began looking for ways for me to save. By paying for a $150 inspection on my recently replaced roof, I received a rate-reduction of $723 per year, and found that I was eligible for additional savings if I would complete a few very minor upgrades, like putting deadbolts on all my exterior doors. I got a reduction for being with my insurer for more than six years, and for having smoke detectors and a security system. I stopped ensuring the land my home was built on, because neither fire nor flood would take it away. I even got a reduction for not smoking. Best of all, none of these reductions compromised my home’s coverage. When everything was said and done, my homeowner’s insurance was reduced annually by more than $1855!

I now share The 5 Lessons with everyone I know and love watching it change lives. A visiting friend made fun of me when I wouldn’t shop without a coupon and always used the “Seven Golden Words”. By the end of her vacation she was following my example and saved enough to pay for her return airline ticket home. The 5 Lessons have taught me how to save money without the consequences of giving up what I really want. I just ask, and then put the savings into what I want most—my growing nest-egg!