U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Houston
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 11-20-2007, 09:06 AM
 
Location: TUCSON, AZ
5 posts, read 32,485 times
Reputation: 15
Default Homeowners Insurance

So, we just bought a house in Katy this weekend, and called Farmers there to get a qoute. (that is who i have insurance w/ here in Arizona, home, auto and life) The qoute the lady gave me for the house is quadruple the amount here. Is that normal? It's a 2400 sq ft home, built in 92, and she said 2200/year.

Please let me know if this is reasonable? And will I need flood insurance as well?
Reply With Quote Quick reply to this message

 
Old 11-20-2007, 09:23 AM
 
Location: 77059
7,663 posts, read 17,103,121 times
Reputation: 3679
You should get flood, it's only about $250-300/yr.

As far as homeowner's, that's higher than mine (Harris county, close to the bay) but you need to know what you're purchasing and what your deductibles are. Otherwise, no one can give you an apples to apples comparison.
Reply With Quote Quick reply to this message
 
Old 11-20-2007, 10:05 AM
 
Location: Houston
241 posts, read 836,462 times
Reputation: 75
Wow! That does sound pretty high. I just purchased a home that is 1850 sq ft and got coverage for $160,000 from Nationwide for about 850 a year w/ flood insurance.
Reply With Quote Quick reply to this message
 
Old 11-20-2007, 10:11 AM
 
1,287 posts, read 3,277,656 times
Reputation: 672
Nationwide has pretty much been beating the crud out of other insurance agencies in the Houston area right now. I think they want to swoop in and pick up a lot of the State Farm, Allstate, and Farmer's business.

Try Nationwide.
Reply With Quote Quick reply to this message
 
Old 11-21-2007, 10:18 AM
 
58 posts, read 186,268 times
Reputation: 30
I just bought a 3000 sq ft home (Magnolia) and my insurance is $1K (no flood insurance) with Liberty Mutual. State Farm quote me 40% higher.
Reply With Quote Quick reply to this message
 
Old 11-21-2007, 10:26 AM
 
Location: Houston, TX (Oak Forest)
3,502 posts, read 6,839,959 times
Reputation: 2292
That is way too high, you better get more quotes.
Reply With Quote Quick reply to this message
 
Old 11-27-2007, 05:48 PM
 
Location: Katy, Texas
166 posts, read 362,451 times
Reputation: 143
Should we get flood insurance for a new house in Richmond. We were told it's not a flood zone and not required. It's just south of 1093.

We were required to have it in Florida and were hoping not to need it here.

Thanks!
Reply With Quote Quick reply to this message
 
Old 11-27-2007, 06:01 PM
 
Location: Katy
212 posts, read 858,437 times
Reputation: 63
your annual home owners insurance annual premium should not equal more than 1% of the value of your home. Keep shopping around, get flood insurance if you in a flood plain. Most of the south end of Katy does not flood, mostly on the northside.
Reply With Quote Quick reply to this message
 
Old 11-27-2007, 11:10 PM
 
38 posts, read 114,158 times
Reputation: 20
I live in Seven Meadows. My house is about 3500sqf. I pay about 1300/yr with Electric Insurance. No flood insurance but it is a good idea to get it.
Reply With Quote Quick reply to this message
 
Old 11-28-2007, 08:22 AM
 
3,555 posts, read 4,612,873 times
Reputation: 2213
Remember homeowner's insurance is NOT REGULATED by the state. But definitely shop around. We have been with Nationwide for years, cars, home and business and we pay about $1,000 for a $250K house.

OTOH that's 3 1/2 times what we pay for our house in Colorado!

golfgod
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram


Over $79,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Houston
Similar Threads

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top