When you compare home insurance rates, many of the decisions you make about your coverage can do more to affect your rate than the actual company you choose.

Deductibles: Deductibles are the out-of-pocket amounts that you agree to bear for your insurable incidents. The lower your deductible is, the more risk your insurance company has to take on and the more expensive your coverage will be. Likewise, the higher your deductible, the less expensive your insurance premiums will be. In this case, you'll have to spend more out of pocket to make yourself whole after an incident. Limits: The limits of your home insurance policy are the maximums the policy will pay out to make you whole after a claim. If you accept a lower limit, your premiums will be smaller, but you run the risk of not getting reimbursed enough to put yourself back. Umbrella coverage: If you cover your home, auto, and life with the same insurance company, you create an umbrella of coverage that can save you a lot of money on premiums.

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