Purchasing homeowner’s insurance is essential before obtaining a mortgage over your home. Almost all Portland homeowner’s who have paid off their mortgages choose to purchase home owner’s insurance?

The reason isn’t difficult to figure out. For most people their home is their biggest asset and they will do whatever they can to protect that asset. Understandable once again.

Then again, there’s absolutely no benefit in paying one cent more for your home owner’s insurance than you have to and many people are on the lookout for ways to save money on their Oregon home owner insurance.

Remember, too, that while your lender has every right to insist that you purchase homeowner’s insurance, your mortgage company cannot force you to buy insurance from any particular insurer. That is the key to finding affordable Oregon home owner’s insurance.

There are a variety of easy ways for you to reduce the amount of your insurance payments.

Such as a discount being made available for retired persons over fifty five years of age, as they tend to be at home more.

Were you aware your credit score also affects the amount you will have to pay each month for your insurance premiums? It does. So keep your credit score high, because the stronger your credit rating score the bigger the discount you will receive on your premiums.

Did you also know the most frequent reason for a home owner’s insurance claim is not fire, but water damage? The biggest culprit is usually a cracked water pipe or broken connection.

Ask your agent how much you will save if you made the one-time investment to upgrade your home’s plumbing and wiring. If the numbers add up, then go ahead.

Install motion detecting outdoor floodlights and also trim bushes away from the windows to discourage burglars. Have deadbolt locks fitted on all the exterior doors and make certain that all the windows have a working lock.

A round the clock off-site home security system not only helps protect you from fire and burglary, it might save you 20%, maybe more on your home insurance. Make sure you talk about it with your agent about this before you install any system as they don’t all qualify for the highest level of discount on the monthly premiums.

Purchasing a smoke detector and fire extinguisher for your kitchen area will also help you to keep your home owner’s insurance premiums down.

Now, taking what you have learned in this article go to 3 different websites that allow you to compare the prices of homeowner’s insurance policies from different insurance companies. Input the same information onto these websites and then find the company that has the best price and which you feel confident will be around for at least another 30 years.

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