*Loan,banking and credit>>>homeowner insurance

Help with homeowner's insurance???

I am looking to buy a home soon and I have contacted a few insurance agents to get some quotes for insurance. There seem to be a few things that are going to hurt the rates I can get:

- I am only 23 years old
- I have limited credit history (good score though - 725)
- I am not interested in getting a security system
- I am still onmy parents car insurance policy ( until I turn 25, when rates for me will decrease )

I am looking to buy a 100,000 to a 115,000 house, and the prices they are quoting me are around 1,000 to 1,200 a year. I am thinking the rates should be around 60-80 dollars a month (720-960 a year).

The agent said the only way I can get better rates is to have a parent co-sign the mortgage and also be on the insurance with me....but I don't really want to do that. I want to be a responsible adult.

Does anyone know how I can can get a better rate???

Sometimes one must humble oneself if they want to save money. It'll be good discipline for you....and it'll help you build a great track record for after you turn 25.

Go for it - the property will be appreciating as you get mature. :o) Win-Win-Win

Ask your realtor to recommend someone. They always know the cheapest ones to use.

Call a lot of insurance brokers.

fyi the security systems are cheap, just cancel the contract after the close of escrow, they put the equipment in for free.

Don't accept the cosign on your mortgage. That will keep you from owning your home yourself.

Try companies like Gieco, 21st Century, other discount cos.

Best of luck.

www.discountlocalinsurance.com

check these guys
shop around, as with auto insurence rates vary form company to company.
I don't know why your age would have anything to do with homeowner's insurance; I think that is just a gimmick to rip you off. See if there is a Reliable agent in your area; I got house insurance with them for about 60% of what it would have cost with somebody else, but I don't think you can find homeowner's insurance for under $80 a month for the price of the house.