Homeowners Insurance Cost Average and Rates

Hi, I’m going to be talking to you today about the average cost of homeowners insurance. Homeowners insurance can be offered through a variety of carriers and can range greatly depending on the state that you live in, how prone your home is to natural disasters, how much you have in personal property how much your home is worth etc.

That the median cost for homeowners insurance in the United States in 2007 was about seven hundred and sixty dollars. So this does vary greatly from state to state California Florida are closer to a thousand dollars and this is an annual premium California and Florida a closer to a thousand dollars where you may have some states on the lower end of the spectrum like Montana or North Dakota or South Dakota etc.

Homeowners Insurance on 300k Home

Who is closer to maybe like four hundred three hundred dollars a year in premiums. This is based on the cost of the homes obviously in California and Florida quite a bit more than the average cost of homes in some of those other states.

So homeowners insurance will cover everything from natural disasters such as flood fire tornado earthquake depending upon where your location is if you’re located in areas that are more prone to these natural disasters your policy may not cover you in those areas.

Now we’ll also cover things like theft burglary etc so if items within your home or lost or lost or stolen those items will be covered by your homeowner’s insurance policy.

Another very important thing that homeowners insurance will cover is if someone is injured in your home and they decide to sue you for some money the homeowner’s insurance will cover liability coverage for that individual who may be hurt or injured within your home.

Now, this is important because medical expenses can rack up quite quickly and if someone trips and falls in your home and breaks their leg and decides to sue you you’ve got some coverage there that will protect you in the event of something unfortunate like this happening.