This is really crucial if you are looking to get the very best deal for you as you compare cheap home insurance rates (Especially if you want to do that without having to downgrade the quality of coverage you enjoy)…

1. You will get lower homeowners insurance rates if you elect to pay your rates annually and not monthly. This is because sending you twelve bills by mail monthly costs your insurance company much. The cost increases if you include the fact that they pay transaction fees for processing each check you send them monthly.

Don’t forget that twelve checks mean 12 transactions which attract 12 separate transaction charges. And as with every other thing, it’s you the customer or policy holder who will be responsible for that cost. As a result, you’ll attract lower premiums if you decide to pay your rates anually. You could save up to a month’s premium within a year.