Geographic location: A home in an area prone to disasters—such as hurricanes, tornadoes, earthquakes, or wildfires—will likely cost more to insure. ; Coverage selections: The coverage limits, deductibles, and optional coverages/riders you choose can all affect the cost of your policy. ; Construction materials: Homes built with materials resistant to fire, wind, storms, and other hazards may cost less to insure.
We tell you how much different levels of homeowners insurance may cost as well as what factors determine how much homeowners insurance will cost you.
It depends. These are some of the factors that may help determine how much you'll end up paying for homeowners insurance: The deductible you choose. The value of your home and belongings. Your insu...
Dwelling coverage ; Personal property coverage ; Additional living expenses coverage ; More coverage options
Type of coverage, What it does ; Dwelling coverage, Pays to repair or rebuild your house and its attached structures (like a deck) if it is damaged due to a problem covered by your policy. ; Other structures coverage, Pays to repair or replace detached structures (such as a fence or shed) if they are damaged due to a problem covered by your policy. ; Personal property coverage, Pays to repair or replace your personal belongings, such as furniture, clothes and electronics if they are stolen or damaged due to a problem covered by your policy. ; Liability insurance, Pays for accidental injuries and property damage to others. Liability insurance also pays for your legal defense if you are sued because of an accident. ; Additional living expenses coverage, Pays for temporary living expenses such as hotel bills and restaurant meals if you can’t live in your home due to a problem covered by your policy. ; Medical payments to others coverage, Pays for minor medical bills for accidental injuries to others. Medical payments coverage is typically sold in amounts between $1,000 and $5,000.
Homeowners insurance primarily protects your home and personal belongings. ; If your home is damaged and unlivable, temporary housing costs can be covered. ; Damage to your home must be caused by an insurance peril to be covered.
Learn how to get home insurance with our useful home insurance guide to costs, coverage, options and much more. Realtor.com® is here to help you make smart financial decisions on homeowners insuran...
How much should you expect to pay for home insurance? See average homeowners insurance costs by state and by company, and find out what's covered by a standard policy.
Wondering how much homeowners insurance you need? Bankrate can help.
Bankrate can help you understand how much home insurance costs in 2024.