There are a lot of things for a new homeowner to think about and one of the important things on the list is homeowners insurance. When the thought of home insurance pops into the head of a new homeowner the first question will usually be how much is homeowners insurance? And while price is an important factor there are a lot of other things to consider that are just as important.

We all want cheap home insurance rates but there are some other things we need to take into consideration. In addition to getting the best price, you'll want to do business with a company that is financially strong. If the time comes one day when you need to file a claim, you want to make sure that the company that is insuring your home will have the capital to make good on your claim.

In addition to the financial strength and stability of the company it would be a good idea to check up on the company to make sure that they are in compliance with all of the local laws and to make sure that there are no formal complaints filed against the company.

A lot of information about insurance companies can be obtained by contacting your state's Department of Insurance. Most states will have a website set up for their Department of Insurance that will provide a wealth of information to help you make an informed decision about which insurance company to do business with.

In addition to your state's Department of Insurance there are also private companies that provide homeowners insurance company ratings. Companies like JD power and Associates, Consumer Reports, AM Best Co., and Standard & Poor's will rate insurance companies on factors such as coverage options, price, customer satisfaction, and many others.

Spending the time to do a little research before deciding which insurance company to go with can not only save you a lot of money but can help you to make sure that you are doing business with a reputable company with a good track record when it comes to customer service.