Home Insurance Cheap Flood Insurance: Is There Such a Thing? View Carriers Please enter valid zip Compare top carriers in your area Written by Insure.comPosted on: March 21, 2010 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. A large number of Americans search high and low for the cheapest ways to do things. Of course, who wouldn’t want to though? Why should any individual pay more for an item or service then they have to? That is why when it comes to obtaining flood insurance coverage for a home there are many individuals look for cheap flood insurance. Cheap flood insurance is not a myth. Unfortunately, many individuals actually think that it is. This is widely due to the belief that flood insurance coverage costs the same amount of money, no matter which agent you obtain it through. This information couldn’t be more wrong. It is possible to purchase cheap flood insurance in the United States, but to do so you must first be aware that it exists. Cheap flood insurance is not an official name; in fact, it is just a term used by many Americans. The term; however, could leave many individuals unsure about cheap flood insurance. This is because the word cheap is often associated with low priced, but poor quality products or services. For the most part, cheap flood insurance is the same type of insurance that just about every other American has. The only difference between the two is the price they are being offered at. The same type of flood insurance coverage, but for a lower price? Many individuals wonder how and why that is possible. Federal flood insurance is offered in the Untied States by the National Flood Insurance Program. The goal of the National Flood Insurance Program is to ensure that all Americans are able to obtain and afford flood insurance coverage for their home. This is done by closely monitoring flood insurance policies and the amount of money they are being sold at. Most individuals mistakenly believe that because the National Flood Insurance program monitors how insurance plans are being sold it is impossible to obtain a discount. This is untrue and it is preventing a large number of Americans from saving money by obtaining cheap flood insurance. Through the use of licensed agents, flood insurance offered by the National Flood Insurance Project can be obtained for a discounted price. Cheap flood insurance can be purchased from a select number of licensed insurance agents, such as AmeriFlood. AmeriFlood takes advantage of state laws that allow rebates to be granted. These rebates can help save a homeowner up to 12% on the cost of protecting their home with flood insurance. This is why it is important to not believe popular flood insurance myths. CJ Preston is a writer for www.ameriflood.com where you can find more information about flood insurance and how to receive a 12% rebate on your flood insurance policy. Related Article Can you afford to be without flood insurance? In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2024 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2024 Homeowners insurance basics Home Insurance Advisor Cheapest homeowners insurance in 2024 How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home insurance discounts for cheaper rates How much does dog liability insurance cost and do you need it? Do you have an emergency go-bag? Most Americans don’t 1/1 Related Articles Renters insurance calculator: How much renters insurance costs by state and city in 2024 By Shivani Gite Condo and co-op homeowners insurance: What you should know By Mark Vallet Cost of living calculator By Nupur Gambhir Homeowners insurance rates by state in 2024 By Jake Safane Homeowners insurance calculator: Estimate the cost of homeowners insurance By Jessica Olson Mobile home insurance cost and coverage in 2024 By Chris Kissell ZIP Code Please enter valid ZIP See rates