Vice President/Agent, Best Rates Insurance Inc, Kalispell Montana
This is a very hard questions to answer since each carrier from the next can vary so much. I have seen between different carriers as much as $1,000 difference for the same coverage. A classic example I will give one of my carriers that is a mutual carriers was only $1,000 a year with a $500 deductible based on a value of the home at $200,000 but the other national carrier was $1,400 with a $1,000 deductible based off of the same value.
Also you have to consider are they rating the home with replacement cost or actual cash value both can make a HUGE difference in the rating factor. There are several ways carriers base rates not only the value of the home but what is your home built from is it a log home or stick frame home. Are you in a fire area or how far are you away from fire department.
The best thing you can do is shop with a independent agent they can rate it with many carriers. Also Bundling is not always the route either many time the home can be an excellent rate but the autos are high even with the discount of having both policies with the same carrier.
Example I have found in our agency is that I have a carrier that gives you a discount on your auto because you own a home but the home rate is outrageous but then I have a different carrier for the home that doesn't sell auto insurance but they give you a discount on the home if you insure the auto in the same agency and the rate is much lower then if you placed them with the same carrier all in one package.
the key is talk to an agent who can compare rates with many carriers and make sure your home is valued correctly.
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Also you have to consider are they rating the home with replacement cost or actual cash value both can make a HUGE difference in the rating factor. There are several ways carriers base rates not only the value of the home but what is your home built from is it a log home or stick frame home. Are you in a fire area or how far are you away from fire department.
The best thing you can do is shop with a independent agent they can rate it with many carriers. Also Bundling is not always the route either many time the home can be an excellent rate but the autos are high even with the discount of having both policies with the same carrier.
Example I have found in our agency is that I have a carrier that gives you a discount on your auto because you own a home but the home rate is outrageous but then I have a different carrier for the home that doesn't sell auto insurance but they give you a discount on the home if you insure the auto in the same agency and the rate is much lower then if you placed them with the same carrier all in one package.
the key is talk to an agent who can compare rates with many carriers and make sure your home is valued correctly.