The price you pay for your homeowners insurance can vary by hundreds of dollars, depending on the insurance company you buy your policy from. Here are some things to consider when buying homeowners insurance.

Deductibles are the amount of money you have to pay toward a loss before your insurance company starts to pay a claim, according to the terms of your policy. The higher your deductible, the more money you can save on your premiums.

The land under your house isn't at risk from theft, windstorm, fire and the other perils covered in your homeowners policy. So don't include its value in deciding how much homeowners insurance to buy. If you do, you will pay a higher premium than you should.

You can usually get concession or allowance of at least 5 percent for a smoke detector, burglar alarm or dead-bolt locks. Some companies offer to cut your premium by as much as 15 or 20 percent if you have installed some extra security in your home.

You may pay less for insurance if you buy a house close to a fire hydrant or in a community that has a professional rather than a volunteer fire department. It may also be cheaper if your home’s electrical, heating and plumbing systems are less than 10 years old.

As a rule of thumb, you should plan on getting at least five quotes from different insurance companies. You can call agents in your area, contact the companies directly, or apply online. Though currently looking with this recommended site for buying new insurance for the vehicle. Also, your state insurance department may have rate comparisons on the major insurance providers that they can give you. This way you will not only get a good insurance for your home but you will also get a cheap quote on your insurance policy.