05-15-2007, 06:27 PM
Look at consumer reports for home insurance rates. They have both guidance to appropriate coverage and discussions of which insurance companies are the most crooked. I ended up going with Amica Insurance and the rates were much lower than farmers while the coverage was much better. One thing to be aware of is that there are significant issues involved in making a claim (i.e. huge rate increases and cancellation). For that reason it is crazy to have a low deductible because you should only use the insurance for truly catastrophic and expensive events. Personally, I would get the highest possible deductible and suggest that you find out whether you can raise your deductible above $1,000. That still seems far too low to me.