Insurance Agent, Farmers Insurance, San Francisco Bay Area
The average price for home insurance can vary greatly based on several factors. If two different people applied for the same level of coverage on the exact same property, their prices could be different, based on how similar the applicants were. The primary factors that are considered for pricing home insurance include the age of the applicant, the occupation or education of the applicant (if the insurance company offers discounts for affinity groups), the number of adults living in the residence, and the claims history for the applicant. And this is assuming we are looking at two applicants for the same property. There are factors that adjust the price based on the differences between properties as well, so the same person applying for two similar properties may receive higher or lower premiums based on the rating factors for the residence.
For example, if the property has a pool, whether the pool is fenced or unfenced, the proximity to a fire hydrant, the age and type of roofing materials, and so on.
Most policies I write for Home Insurance come out to be between $60 and $120 a month, depending on the level of coverage selected. But since every customer is different, and two homes on the same street will get different rates, I always recommend contacting a licensed insurance professional to obtain quotes. It's best to get at least 2 or 3 quotes and compare both the premium amounts and the type of coverage. Don't just buy based on price alone, or you may wind up with less coverage than you need.
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For example, if the property has a pool, whether the pool is fenced or unfenced, the proximity to a fire hydrant, the age and type of roofing materials, and so on.
Most policies I write for Home Insurance come out to be between $60 and $120 a month, depending on the level of coverage selected. But since every customer is different, and two homes on the same street will get different rates, I always recommend contacting a licensed insurance professional to obtain quotes. It's best to get at least 2 or 3 quotes and compare both the premium amounts and the type of coverage. Don't just buy based on price alone, or you may wind up with less coverage than you need.