What state's have cheap house insurance? (weather, states, coverage, single)
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Here in Tennessee house insurance has gone way up. A 1200 sq. ft house is almost 1000.00 a year now and at one time it was like 200.00-300.00 a year in 2009.
It's not so much the state as the value of the house, how much you want to insure it for, and the insurance carrier itself. You need to comparison shop across carriers with all the coverages the same.
Cheap house insurance would no doubt be in states that only have perfect weather, no floods, no hurricanes, no drought (fires), no lightning strikes, no/low crime. No roofs collapsing under snow.
Without living in multiple states, I can not say where the cheapest place is, but I suspect it is strongly tied to the likelihood of natural disasters. Home insurance in Arizona and Nevada seems reasonable to me, compared to Florida. In Nevada, a $200-$250,000 house costs around $650-$700 a year. In Florida, the same house would cost over $3,000 a year in insurance.
Arizona and Nevada have little threat of natural disasters. I'm sure there are other states as well.
Without living in multiple states, I can not say where the cheapest place is, but I suspect it is strongly tied to the likelihood of natural disasters.
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In MA and in WV my house insurance ran/runs 1600 a year. House on Cape cod is 700 sq ft. House in WV is about 2500, three story brick. trouble is insurance companies will only insure for what THEY determine is FULL REPLACEMENT COST. Well I bought the WV house for 36K and they insist on insuring it for 430k.
In MA and in WV my house insurance ran/runs 1600 a year. House on Cape cod is 700 sq ft. House in WV is about 2500, three story brick. trouble is insurance companies will only insure for what THEY determine is FULL REPLACEMENT COST. Well I bought the WV house for 36K and they insist on insuring it for 430k.
When did you buy the home? Insurance companies have to pay to replace your home. They've established its current value at 430k, therefore you are charged accordingly.
I'd say homeowner's insurance is lowest in states where there are never any natural disasters, burglaries, fires and no one ever makes any claims on their policies.
Not sure there are any of those locations on Planet Earth, though.
Arizona. I pay $543 a year for 1776 sf single fam. house
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