Key Points ; Homeowners insurance offers critical financial protection from many common causes of damage and destruction to homes, as well as from claims of injury on your property. ; How to lower homeowners insurance costs in the future by taking proactive action today. ; Occupational discounts (perhaps for teachers, doctors or firefighters). ; Updating old electrical, heating, or plumbing systems
Read our guide for tips on how to save on homeowners insurance — including unlocking hidden discounts and adding a home security system.
Homeowners insurance rates rising ; Why home insurance rates are rising · Where homeowners rates rose the most · How to save on home insurance · FAQs
Key takeaways ; Homeowners insurance can be costly, but there are several potential ways to save on premiums. ; Consider bundling your current car and home insurance policies, increasing your deductible or shopping around to find a better deal. ; Some providers also offer an assortment of discount opportunities to help you save even more money.
With both premiums and sea levels rising, here's how you can save money on homeowners insurance.
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.
By Janet Fowler Updated October 15, 2024 · Reviewed by Eric Estevez · Fact checked by Jen Hubley Luckwaldt
Insurance company, Average annual full coverage premium, Average monthly full coverage premium ; State Farm, $2,364, $197 ; Geico, $1,741, $145 ; Progressive, $1,988, $166
Amica » ; State Farm » ; Auto-Owners » ; #1: Amica » · #2: State Farm » · #3: Auto-Owners »
Advertiser disclosure How to File a Homeowners Insurance Claim Filing a home insurance claim... Save your receipts You could spend a lot of money on temporary repairs before receiving a...