When it comes to your monthly payment, home insurance rates may vary significantly. It's imperative that you compare policies and prices, as every company charges a different amount. Shopping around is the best way to get a good deal on homeowner's insurance.
A good way to lower your rate is by decreasing your risk factors, when possible. Risk factors that will affect your rate include the type and age of the residence and how close it is to the nearest fire department. Your home's location and your deductible will affect your rate as well.
Once you've locked in a good rate, try and find other ways to save. You may get the best deal if you put your home and auto insurance on the same policy. Your insurance agent can also give you some tips on ways to save.