This might seem like a trivial point, but you’d be surprised at how many people just go with the first and only quote that they get when it comes to insurance policies. Sure, it can be a hassle shopping around, but comparing insurance rates can potentially save you hundreds of dollars per year on homeowners insurance.

In order to get a good idea of a starting point, or a range of costs, call your state insurance department for a list showing typical prices charged by different insurance companies. From that list, you’ll be able to quickly see who the low cost insurers are. You should then proceed to call the 3-5 lowest priced companies and then compare their coverage options.

Think about it, there really isn’t any point to pay 30% more for the same coverage. Is there?