Trying to locate cheap insurance? Home insurance prices can fluctuate by hundreds of dollars. Your house and the insurance company are major the factors in determining the rates you will pay. Let's look at how your due diligence can help you save money.

...Shop around ... It pays to shop around for cheap insurance. Home insurance premiums differ substantially between companies. Obtain a minimum of three quotes by phoning companies or finding their rates online. Also, you might be able to obtain rate comparison information from your state insurance department.

You should also review info from magazines and independent rating agencies to get a feel for the financial condition of the companies you are considering.

Some companies sell cheap insurance for your home using their own agents, some use independent agents who represent several companies, and some utilize only the Internet or phone quotes. Get quotes from a variety of these companies.

The premiums you will pay are not the only criteria. It's important to locate a company that answers your questions in a satisfactory manner and appears to be fair in resolving claims. Get recommendations from relatives and friends. And again, use your state department of insurance as a resource to evaluate companies.

Remember, you are purchasing insurance to protect yourself against accidents, so you must feel confident with your agent or rep. Remember that while you're shopping around.

...Your Deductible ... You agree to pay this amount toward a loss before your insurance company pays anything. Your premium is lower when you choose a higher deductible. You should stipulate a deductible of at least $500, and you might save as much as 25 percent with a $1,000 deductible.

Depending on the area in which you live, you may have separate deductibles for damage from major disasters such as windstorms, hail storms, and earthquakes.

...Multiple Policies From The Same Company ... Another great tip when looking for cheap insurance. Home insurance can most often be purchased from companies that also sell auto insurance. Many times, your rates will be reduced by 5 percent to 15 percent if you purchase multiple policies from the same insurance company. Ask for this multiple policy discount then compare it to purchasing single policy coverage from other companies.

...Make Disaster-Resistant Improvements ... You can probably reduce your premiums by making your home more resistant to natural disasters. For example, you might be able to reduce your risk for fire and water damage by updating your electrical system, heating, and plumbing, and adding storm shutters and/or shatterproof glass.

...Know Your Costs To Rebuild ... In your quest for cheap insurance for your home, do not include the value of your land ... you will not have to rebuild your land. You'll pay a lower premium by eliminating the value of your land from the estimated value of your property.

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