Video — Agent Secrets — How To Shop Homeowners Insurance When Buying A Home

Homeowners insurance is required to close the transaction. Start early to give yourself the best shot at saving costs here.

Get quotes from several insurance providers.

Compare insurance costs as part of comparing properties. For example, a newer brick home may have lower premiums than an older wood home.

Location may affect insurance costs.

Check on the proximity of fire hydrants and fire departments; closer may equal savings.

Look for group protection through service organizations or alumni associations.

Home purchase may be an excellent time to consolidate insurance and pocket savings. Covering home, auto and other insurance with the same company is frequently less expensive.

Consider and shop deductible options in the process. Raising deductible may lower premiums, if you can handle the increased out-of-pocket consequences.