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.
Key Takeaways: To estimate the dwelling coverage portion of your home insurance, multiply the square footage of your home by the local cost per foot of residential construction while taking into account any special or custom features in your home. Replacement cost coverage for your belongings will determine the value of your belongings without taking depreciation into account. Liability coverage protects you from lawsuits. Many policies provide at least $100,000 in coverage. You can customize yo...
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.
Dwelling coverage ; Personal property coverage ; Additional living expenses coverage ; More coverage options
If you’re over 55 or a retiree, 360 Reviews can help you determine how to find homeowners insurance for seniors, how much to get, and how to buy it.
Bankrate can help you understand how much home insurance costs in 2024.
The average annual cost of U.S. homeowners insurance is $2,728 — or $227 per month, according to data from Quadrant Information Services. However, the rate you will pay depends on a variety of factors that pinpoint risks for you and your home. Auto-Owners is the most affordable home insurance provider based on the MarketWatch Guides team’s research. Nebraska, Louisiana and Oklahoma have the highest U.S. average annual home insurance premiums.
Dwelling, Home's full replacement cost ; Other structures, 10% of dwelling amount ; Personal property, 50% of dwelling amount ; Loss of use, 20% of dwelling amount
Wondering how much homeowners insurance you need? Bankrate can help.
How much homeowners insurance you need depends on the replacement cost of your home, its contents, and your risk tolerance.