Insulators are substances that do not conduct electricity and possess high resistivity, dielectric strength, mechanical strength, and the ability to withstand moisture and temperature. Common insulating materials include cotton, silk, rubber, mica, insulating oil, varnish, enamel, porcelain, and Bakelite, each with unique properties and applications. Types of insulators used in overhead lines include pin type, suspension type, strain type, and shackle type, which are designed for varying voltage levels and mechanical stresses.