With the numerous options available, you may be wondering about the cost of homeowners insurance. This guide provides a breakdown of the average cost of homeowners insurance and what to expect when getting coverage.
Home insurance is technically a type of property coverage. Policies offer financial compensation when perils damage your home and personal items. Policies may cover the structure of the home, structural attachments to the property, offer liability coverage or replace personal items.
For example, a storm with high winds may damage your front door. Your insurance company evaluates the damages. Then, they provide financial coverage to repair your door.
Homeowners insurance costs about $1500 per year. Many factors contribute to the price of a policy. These factors include:
There are factors you can control that affect your overall policy cost, like your deductible amount. If you have a higher deductible, you pay more out of pocket if damages occur. However, your monthly premium will be lowered. If you have a lower deductible, you pay less when damages occur. A lower deductible usually means a higher monthly premium.
The average home insurance cost varies due to a number of factors. Researching and comparing policies can help you find the most affordable coverage.
Since 1990 I've been happily helping people just like you realize their dream of home ownership, and loving every minute of it! I'm an educator by heart, so you won't feel overwhelmed with the whole process. I'll be there with you every step of the way and more! I've been where you are now more than once and I understand all the emotions and apprehensions that come with a move. If you're relocating, I will make sure you have all the information about neighborhoods, schools and services that are important to you. I am detail oriented and I have a strong background in research. I have my BA in Economics from Lewis & Clark College, and graduate studies in Counseling Psychology at St. Martin's University. I'm a graduate of the Masters Sales Academy for Realtors. I've also been an instructor for new real estate agents. I've been recognized with the National Sales Award "The Dozen" for being in the Top 5% of all Realtors & the local Realtors Thurston County Star Agent Award.
