Settle for a higher deductible when shopping for the best online homeowners insurance quote if you want to attract lower rates. Make it as high as you can cope with and you’ll attract a reasonable discount. Your deductible is the amount you will be expected to contribute if you make a claim before your insurer would be duty-bound to fulfill the terms of your home insurance policy. Someone who previously opted for a deductible of $500 will save as much as 25% more if they settle for a deductible of $1,000. When you opt for a higher deductible you take off more of the risk from an insurance provider and they compensate you by giving you a cheaper rate. However, do take care not to choose an amount that you will find hard to bring. It makes sense to make it as high as possible as long as you can afford it conveniently.