While we are focused on getting cheap homeowners insurance we must also understand that our primary intent is NOT to lose money by other ways (while blocking one). And bearing in mind that the main reason for purchasing home insurance is to ensure you’re adequately protected from the risks of a home loss or damage, I’ll include this notwithstanding that it’s not normally included in your homeowners policy. You’d have to get flood insurance at an additional $400 yearly if you buy a house in a flood-prone area. Every mortgagor will demand that you buy it if your home is in a flood-prone area. Making an adjustment in the region you buy a house will bring down your insurance spend.