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08-30-2006, 09:06 PM
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Senior Member
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Join Date: Jun 2006
1,126 posts, read 1,224,462 times
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Home owners insurance?
What is the average price for home owners insurance?
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08-30-2006, 10:50 PM
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Member
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Join Date: Apr 2006
Location: Salisbury moved from Long Island, NY
58 posts, read 84,016 times
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I think that depends on the value of your property. I have a 3 bedroom on a half acre that I paid $80K and my yearly insurance is $385, I think this covers up to $150K
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08-30-2006, 11:00 PM
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Senior Member
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Join Date: Aug 2006
Location: State of Bliss :-)
464 posts, read 446,725 times
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Quote:
Originally Posted by TornadoAlley
What is the average price for home owners insurance?
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There isn't an average price. It depends on the insurance company, the (replacement) value of your property, its proximity to a fire hydrant, the type of coverage you want, which fire district you may be in, and other factors- such as if you go with the same company for homeowner's and auto insurance. I'd suggest calling around the area to which you are moving and getting some quotes.
Cassie
Last edited by Cassie; 08-30-2006 at 11:07 PM..
Reason: spelling, grammar
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08-30-2006, 11:12 PM
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Senior Member
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Join Date: Jun 2006
1,126 posts, read 1,224,462 times
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Quote:
Originally Posted by jasonkruk
I think that depends on the value of your property. I have a 3 bedroom on a half acre that I paid $80K and my yearly insurance is $385, I think this covers up to $150K
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Pretty close to what we pay now. Ours is $350k and we just got our renewal for $650 a yr. |
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08-30-2006, 11:13 PM
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Senior Member
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Join Date: Jun 2006
1,126 posts, read 1,224,462 times
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Quote:
Originally Posted by Cassie
There isn't an average price. It depends on the insurance company, the (replacement) value of your property, its proximity to a fire hydrant, the type of coverage you want, which fire district you may be in, and other factors- such as if you go with the same company for homeowner's and auto insurance. I'd suggest calling around the area to which you are moving and getting some quotes.
Cassie
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Our insurance never asked us that where we live now. Fire dept is 1/2 mile away and fire hydrant is next house over. Only if we had an alarm. |
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08-30-2006, 11:18 PM
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Senior Member
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Join Date: Aug 2006
Location: State of Bliss :-)
464 posts, read 446,725 times
Reputation: 140
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Quote:
Originally Posted by TornadoAlley
Our insurance never asked us that where we live now. Fire dept is 1/2 mile away and fire hydrant is next house over. Only if we had an alarm.
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Ours didn't ask about proximity to a fire hydrant either where we used to live. They did in N.C. In both places we were more than 100 yards from a fire hydrant. We were also initially given an erroneous quote based upon the fire district we were in in NC. When we informed them of the correct fire district, the rate was more. There are still other variables that come into play though besides just that one. Calling some local agents is your best option.
Cassie
Last edited by Cassie; 08-30-2006 at 11:28 PM..
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08-30-2006, 11:25 PM
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Senior Member
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Join Date: Jun 2006
1,126 posts, read 1,224,462 times
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Quote:
Originally Posted by Cassie
Ours didn't ask about proximity to a fire hydrant either where we used to live. They did in NC. In both places we were more than 100 yards from a fire hydrant. Here, the rate was higher based on that.
Cassie
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Maybe something to do with the state. We use AAA and before was Farmers. We actually live in the desert. Fires are common. You think they would ask that...lol |
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08-30-2006, 11:32 PM
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Member
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Join Date: Aug 2006
Location: NC
57 posts, read 72,807 times
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Hi,
I have to agree with Cassie-so many different factors..
If this helps, we have a full brick, 3-year old home, about 2000 Sq. Ft. We pay about $700 a year. We are not as close to a fire station, it is about 1 1/2 miles away. I think age of the home may have something to do with the rates also, but not 100% sure. We have Allstate, which I think, after speaking to others is quite a bit more expensive? Not sure...
Nicole
Last edited by nicoled24; 08-30-2006 at 11:32 PM..
Reason: wording
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08-31-2006, 01:25 AM
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Senior Member
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Join Date: Jul 2006
Location: Mount Holly, NC
257 posts, read 332,300 times
Reputation: 126
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Quote:
Originally Posted by nicoled24
Hi,
I have to agree with Cassie-so many different factors..
If this helps, we have a full brick, 3-year old home, about 2000 Sq. Ft. We pay about $700 a year. We are not as close to a fire station, it is about 1 1/2 miles away. I think age of the home may have something to do with the rates also, but not 100% sure. We have Allstate, which I think, after speaking to others is quite a bit more expensive? Not sure...
Nicole
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How much does the age really affect it? I've been looking at homes as old as 60-70 years old, anyone on here own an older home that can give me a clue? Feel free to message me.
In FL there was a big difference based on age but because older meant wood and newer meant concrete block, but here just about everything is wood-frame anyway so I thought there wouldnt be a big difference. A guy I work with told me his 180,000 2800 sq ft. house cost him like 450 a year and I was impressed he gets such a deal. |
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08-31-2006, 04:44 AM
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Lemon Cake and Pikes Peak Coffee
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Join Date: Jun 2006
Location: Waxhaw,NC, US, North America, Earth, Alpha Quadrant
2,378 posts, read 1,658,527 times
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It's safe to budget less than $800/year. I'd say typical new construction and decent credit will get you between $450-$650/year.
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