I am paying $364 a year for homeowner's insurance as a result of several comparison shopping attempts. During this process, I did learn some ins and outs of homeowner's insurance -- I believe each of we homeowners can benefit from such knowledge and strike a good deal. If you feel you may be paying more than you should, take a look at these tips from About Financial Planning.
1. Raise Your Homeowner's Insurance Deductible
2. Combine Your Homeowner's Insurance and Auto Insurance Policies
3. Ask About Other Homeowner's Insurance Discounts
4. Don't Buy Homeowners's Insurance Coverage You Don't Need
5. Make Your Home a Better Insurance Risk
6. Know What Your Homeowner's Insurance Policy Covers
7. Avoid Risks That Insurers Shun
8. Improve Your Credit Score
9. Shop Around for Homeowner's Insurance
Most of these are very sensible tips and you should consider to act on them. It might sound like lots of work if your insurance policy is associated with an escrow account, but your (new) insurance agent should be able to do most of the legwork for you. What you only need is to place a few phone calls and ask for the best deal. Let insurance companies compete for your business!
Now, the only small problem is this article is titled as "Ten Ways To Cut the Cost of Your Homeowner's Insurance," but there are only nine ways on the page. Apparently, Deborah Fowles is a bit lost in personal finance columbists' counting game.