Inurance rates

[Jakub Bednarz]

When figuring out expanses, one thing that eats away most of my profits is insurance, but I assume pretty much same number for any size/year property: $1000/yr for homeowners insurance and $1000/yr for flood insurance (properties located around Houston area). What do you do? Is there any rule of thumb to improve those numbers, do you call to your preferred insurance company and get a quote on a lot of properties?

[Account Closed]

From my experience as an insurance agent, the price varies significantly from house to house. Without seeing the house directly, my best advice would be to shop around and find the best rates that way. The company I worked for quoted with multiple companies (about 15 or so) so you'll always be getting different numbers. Other than that, there are certain discounts that some companies may offer if you have a security system, sprinkler system, updated plumbing and electrical, ect. Paying your bill in full avoids installment fees also. I would specifically ask about special discounts that their company offers to see if you qualify for them. Best of luck to you!