What Is The Average Cost Of Home Insurance Per Year?

  1. 7647 POINTS
    Mark Bartlett CLCS
    Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers
    Homeowners Insurance rates can very by state, location within that state, size of home or even amount on your loan. Also any past experiences such as prior home-ownership or prior claims can all contribute to homeowners insurance rates. With that being said it is impossible to throw out a random number to give you an average. I recommend you can't a local independent agent who can help you navigate the waters of homeowners insurance.
    Answered on December 26, 2013
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  2. 2210 POINTS
    Brenda Hanson
    Vice President/Agent, Best Rates Insurance Inc, Kalispell Montana
    There are many factors in determining your rates. From the age of your home the state and how far you are from the fire department and what your home is made of . Your credit can play factor also. Is it a full replacement cost policy or an actual cash policy. They key is to make sure that you are properly covered.  To give you and example in Montana I have insured a 390K valued hand hewn log home for as little as 900 a year  and a stick frame home work 150K for 500 a year both replacement cost and 500 Deductible.  But unless you can provide more information it would be VERY difficult to even attempt to tell you how much insurance should be. contact a local agent they should be able to compare rates for you . I would not suggest purchasing just online unless you are familiar with insurance you could be purchasing something and not be covered properly. 
    Answered on December 26, 2013
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