With the economic down turn and the credit crunch it is becoming more important to budget and save every dollar. Among all the expenses that one evaluates, the insurance expenses stand out and one is always debating if it is worth-while. Yes, it certainly is worth-while and you can make it more cost effective since getting cheap home insurance or cheap homeowner insurance is easy once you get the right directions for home owners insurance.In these present times, it is utterly necessary for every homeowner to protect their valuables at all times and having home-owners insurance is the right strategy and here are some key points which you need to keep in mind, if you want to be rewarded with cheap home insurance:1) You need to increase the deductible on your home policy. This will get you cheap home insurance or cheap home-owners insurance premium since the higher the deductible you opt for, the higher the discount on the home insurance premium.2) The strategy of opting for higher deductible ensures that small claims would not be placed with the insurance company. You will be able to have claims free years which will get you claims free discounts. Besides paying for a claim of less than $500/- is a better option to procure a claims free discount. You would end up saving more than $100/- per year.3) You can consider purchasing a burglary monitoring system or alarm. This again would be useful in helping you with the security of the family. It will also help in preventing claims for burglary and keeping your record claims free. Remember that you get a 20% discount on account of a burglary monitoring system.4) The burglary monitoring companies place their identification on the property and this itself would act as a deterrent. You can also place the stickers on your personal property and these makes it more difficult for the thieves to sale or pawn your property. Thus you would be achieving many objectives within a small expense. Remember that you get a 20% discount on account of a burglary monitoring system.5) It would be prudent to install and maintain smoke alarms throughout the house. The alarms can also be interconnected to make sure that there would be no flaw. These detectors should be approved by Underwriters’ Laboratories (UL) or other recognized testing laboratories. You get cheap home insurance and cheap home-owners insurance, by just doing this, since you get a smoke alarm discount.6) The other factor to keep in mind is to insure your home on the basis of the replacement cost and not on the market value. The idea behind the home insurance is to make sure that you are considering the construction cost of rebuilding your home in case of an accident like a fire, storm or hurricane which is likely to destroy your home. The market value of the home will vary based on the prevailing market conditions, but for insurance purpose you need to consider the rebuilding cost only. You will get cheap home insurance simply by taking the right limit of coverage.7) Its best to compare home insurance quotes online, since the underwriting principles and experiences of each insurance company are different and are the deciding factors for rating of home insurance policy.Why not get protection and cheap home-owners insurance at the same time. Safety, security and savings all can go together once you are informed. Stay abroad for more information on cheap home insurance, we have just begun.