Home owners' insurance prices are actually going down. The business is changing its pricing strategy. Computers have now made it possible to weigh hundreds of factors to price your policy. The price differences between different insurers can be huge because of their different systems of pricing. If you have a great credit score, haven’t had a claim in a while, and live in a relatively safe area you could save hundreds or even more each year just by switching companies. Also, you can raise your deductible to save money. This will keep you from making small claims and it will save you money every month on your premium.