See if you are eligible for senior discounts. Retired people stay at home more and spot fires sooner than working people. Retired people have more time for maintaining their homes, too. If you're at least 55 years old and retired, you may qualify for a discount of up to 10 percent at some companies. Ask about group coverages.
Some insurance companies offer competitive rates for employers, alumni and business associations.
Compare prices with several insurance companies before buying your homeowners policy. Consult friends, consumer guides, your state insurance department and insurance agents and companies to get an idea of price ranges. Also consider the quality of service the insurance company will be able to provide as well as their financial rating. Compare the limits in your policy and the value of your possessions at least once a year. You want your policy to cover any major purchases or additions to your home.