Homeowners Insurance in Gulfport-Biloxi Area (renters, how much, house)

[bls5555]

Can someone post what your typical homeowners insurance and flood insurance costs? Is it pretty expensive? Im trying to get some info on the area. Thanks.

[dblaize]

On Average, you can plan on 4500 annually on 150K worth of coverage for you wind and homeowners, Your Flood will depend if you are in zone A, if not you would pay about 300 annually for up to 250K worth of coverage, thats the max

[cncguy2000]

Depends on location and alignment of stars.
I have a 130K house north of I-10 and pay $1200 for House.
pre-Katrina I paid $650.
Most Current owners are going dropped for wind and hail and have to buy wind pool from state. have heard it runs $1400 and up. depending on property.

[bls5555]

wow those are 2 different answers.

One comes out close to $375 a month in homeowners insurance, the other $100 (or around $200 with wind and hail? included).

Granted the person who said $4500 a year didn't exactly state a house value.

That makes quite a difference in making a decision though.

Anyone want to jump in and be a tiebreaker

[v8eater]

I'll add my $.02.
Before Katrina I paid $2400 for combined fire, theft, windstorm/hail etc for $180k home.
Now I just recieved my second renewal since Katrina and I pay $4560 for the same coverage but with a higher deductible thanks to the MS Windstorm and Hail Pool.
I don't have flood ins. I live about 5 miles north of I-10.

Hope to be in middle Tn by the end of summer.
James L.

[Muhnay]

Renters Insurance is also high here.. so be ready for some serious hand outs. I'm shocked anyone would use State Farm out here.

[bkw]

I am moving to southern MS and I've been quoted $3366 for wind/hail with a $2500 deductible and another $1050 for regular homeowners ins. This is on a house valued at $265K. A far cry from the $600 a year I was paying when I was living in Las Vegas....

[cncguy2000]

That's the reason why the Ins. Co. only Made 16 BILLION in Profit last year.
How much $$$ do they need?
I can understand a Profit, but come on, The Govt. needs to get them for Price gouging.

[jerrey]

Not being from Mississippi, we found out the hard way. We found a home, signed papers, THEN called for a homeowners quote. Big mistake! Outrageous. It is triple and quadruple the price it would be to purchase a home in Mobile, AL. We are out escrow, but lesson learned...

[tishpit]

Wow.. so glad I came across this thread as I was ready to sell ("give away") my home in FL to relocate to Biloxi in search of stable work. But with the insurance worse than here... and we sustained a direct hit from Hurricane Charley with mass destruction... I better re-think my calculations. Just don't know what to do... few jobs here with hundreds competing for even min. wage positions... living off what's left of my savings... yet don't know WHERE to go?! Was looking at some home listings in an area close to the beaches/casinos for less than $125,000... but I guess the "catch" is in the insurance fees. IS THERE ANYWHERE LEFT IN THIS COUNTRY TO LIVE COMFORTABLY WITH A DECENT JOB AND REASONABLE COST OF LIVING?????