There is no way around this need homeowners insurance if you are going on the way home purchase. Depending on the size of the house, homeowners insurance can cost as little as $ 400 per year to less than $ 2,000 a year if not more, in some parts of the country. The amount of homeowners insurance is also replaced by the value of the property inside, including the continued renovation and if your order is for electronic components and precious stones can be determined.