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Old 06-22-2021, 11:27 AM
 
Location: WA
144 posts, read 105,080 times
Reputation: 161

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Out of curiosity as wife and I plan our pre-retirement/empty nester stage in a few years, how much can one expect to pay for an annual premium of home owner insurance? Say a "typical" $500k 4 bed/2.5 bath, 2500 sq ft home in Summerlin?

In comparison, my property in a Seattle suburb for a 1974 built, 4 bed/2.75 bath, 2400 sq ft with 2 car garage is $1,200/yr. I feel like each year is going up, like our property taxes...
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Old 06-22-2021, 06:24 PM
 
954 posts, read 418,805 times
Reputation: 1149
Quote:
Originally Posted by homerboy View Post
Out of curiosity as wife and I plan our pre-retirement/empty nester stage in a few years, how much can one expect to pay for an annual premium of home owner insurance? Say a "typical" $500k 4 bed/2.5 bath, 2500 sq ft home in Summerlin?

In comparison, my property in a Seattle suburb for a 1974 built, 4 bed/2.75 bath, 2400 sq ft with 2 car garage is $1,200/yr. I feel like each year is going up, like our property taxes...
I would guess similar on homeowners but our car insurance went up A LOT in moving from California to LV. A LOT. I am now shopping around after 35 years with the same company a lot! Our car insurance is at least 75% more. Nothing else changed except the move across the state line. Same cars, same drivers, same coverage. YMMV.
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Old 06-22-2021, 09:05 PM
 
535 posts, read 647,815 times
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depending on coverage and/or pool you'll be looking at $700 - $1200.
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Old 06-23-2021, 07:24 AM
 
Location: Henderson, NV
7,052 posts, read 7,364,369 times
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Have to shop for car insurance to the other poster’s point. My old company wanted $6,000 per year!! Lol total joke for two drivers with 1 speeding ticket total that doesn’t affect anything (15 years ago). I switched to Geico and it was $1,800/year, kept the old insurance for my home owners. They have great insurance but there’s a limit to what I’ll pay. I don’t remember what it is I pay for home owners but it’s very comprehensive and protects my assets as well, so it’s probably $400/month or so.
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Old 06-23-2021, 08:16 AM
 
9,961 posts, read 3,435,493 times
Reputation: 17510
Quote:
Originally Posted by homerboy View Post
Out of curiosity as wife and I plan our pre-retirement/empty nester stage in a few years, how much can one expect to pay for an annual premium of home owner insurance? Say a "typical" $500k 4 bed/2.5 bath, 2500 sq ft home in Summerlin?

In comparison, my property in a Seattle suburb for a 1974 built, 4 bed/2.75 bath, 2400 sq ft with 2 car garage is $1,200/yr. I feel like each year is going up, like our property taxes...
Have you called your current insurance agent to ask?
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Old 06-23-2021, 02:38 PM
 
Location: Las Vegas
965 posts, read 892,646 times
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3 bedrooms/2.5 bathrooms 2,061 sq ft single family home = $483/year

Car insurance = $1,094/year

Personal Liability Umbrella = $353/year
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Old 06-23-2021, 02:57 PM
 
Location: WA
144 posts, read 105,080 times
Reputation: 161
Quote:
Originally Posted by RationalExpectations View Post
Have you called your current insurance agent to ask?

I did call and ask about the new premium fee, agent said cost increases were minimal and standard (even though wife and I have no claims). I did not ask about coverage in LV, as we're (still) in WA state; I wasn't aware the local agent could give an estimate for a property in another state. Good idea though.
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Old 06-23-2021, 03:02 PM
 
Location: WA
144 posts, read 105,080 times
Reputation: 161
Quote:
Originally Posted by JonathanLB View Post
Have to shop for car insurance to the other poster’s point. My old company wanted $6,000 per year!! Lol total joke for two drivers with 1 speeding ticket total that doesn’t affect anything (15 years ago). I switched to Geico and it was $1,800/year, kept the old insurance for my home owners. They have great insurance but there’s a limit to what I’ll pay. I don’t remember what it is I pay for home owners but it’s very comprehensive and protects my assets as well, so it’s probably $400/month or so.

$6,000/yr!? Wth? Wife and I have Geico as well, 2 cars (2009 and 2017 SUVs). About $1600/yr.
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Old 06-23-2021, 06:14 PM
 
951 posts, read 1,316,963 times
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Just did home owner’s quotes on $500k home in Seven Hills State Farm was $1100 and AAA was about $60 less. I do have pool and $4,000 deductible could have gotten $2k deductible but did want their auto insurance.

Last edited by Packrat1; 06-23-2021 at 06:15 PM.. Reason: Edit
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Old 07-08-2021, 08:38 AM
 
Location: Sarasota, FL
5 posts, read 458 times
Reputation: 34
My 4 bed, 3 bath 2200 sqft 2018 property in Inspirada (Henderson) runs $550/year for home insurance 1% deduct.

Auto insurance was about 1K year with Geico and good record with 1 vehicle when i lived there last year.

Here in SW Florida my auto insurance is about the same, but home insurance + flood is around $2600/yr
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