Homeowners are constantly faced with the struggle between selecting an insurance company at a reasonable rate and finding that their insurance turns out to be exorbitantly expensive once they actually need it for a claim. Turn to this article for your guide on understanding what’s driving up the costs of homeowners in your area, how you can shop around for some relief, and how to make sure you’re making the best decision for your household budget.
Home Insurance Cost by City
Average Home Insurance Cost by Zip Code According to the National Association of Real Estate Boards (NAREB), home insurance costs vary dramatically from city to city. To put things into perspective, we surveyed Popularmechanics.com and gathered the average cost of home insurance for a single-family residence in each of the fifty U.S. states and Washington D.C. The table below displays the results, broken down by state: \\”City\\”\\”State\\”\\”Home Insurance Cost (Median)\\”\\”% Spiked Above Average ($)” As you can see, the cost of home insurance ranges widely from city to city, with some states costing significantly more than others. For example, Boise, Idaho is one of the cheapest cities on our list, but their median home insurance cost is only $1,422—by comparison, Alaska’s median amount is $5,652! In fact, nine out of the ten most expensive cities in America have home insurance costs that are at least 50% greater than the national median! Our research clearly demonstrates that it’s important to do your own
Home Insurance Cost by State
Average home insurance cost ZIP code: Though your zip code may not be the determining factor in your overall home insurance cost, it is still a good place to start. Check out our list of the 5 most expensive zip codes for home insurance in 2017 and see if yours made the list. ZIP Code Average Home Insurance Cost 1 90210 $1,895 2 90049 $1,795 3 90277 $1,792 4 90260 $1,789 5 90007 $1,785
Home Insurance Cost by County
There are a variety of factors that will affect the cost of home insurance, including the location of the property, the type of home and the risk profile of the homeowner. To get a ballpark estimate of what your home insurance cost might be in a specific zip code, we tookinto account each county’s average home insurance cost as reported by The Property Casualty Insurers Association of America in 2016. The table below shows each county’s average home insurance cost as well as some key demographic information about homeowners in that county, including median age, number of children living in the home and percentage of households with pets. Be sure to check with your specific carrier for accurate information on your area’s average home insurance cost. And don’t forget to factor in potential discounts you may qualify for based on your coverages and history with your current insurer.
Calculation: how much average insurance coverage cost in my state?
Ever wondered how much your home insurance costs in a specific ZIP code?Well, now you can find out with this nifty little calculator. Just input your address and the calculator will spit out an estimate of how much insurance you’ll need for your house in that specific area. As you might expect, the cost of insurance differs from state to state, so use this calculator as a general guide only. And don’t forget – always compare rates before making a decision!
In order to protect your home and family, it is important to have the correct amount of home insurance. The average cost for a home insurance policy in zip code 90210 is $1,572 per year. If you are interested in finding out more about how much your home would be worth if it were damaged or destroyed, please call our office at (855) 532-2938 and we will be happy to provide you with a free estimate.