What Is the Average Home Insurance Cost in the United States?
Unfortunately, homeowners insurance rates are continuing …show more content…
There are a few other common homeowners insurance claims as well, such as: Clothing, furniture, miscellaneous household items, tools, appliances, sporting equipment, books and beds.
What Are the Most Common Causes of Loss and Property Damage?
As far as the most common causes of loss and property damage, again there are no surprises here and they are as follows: Wind, hail, water damage, freezing, miscellaneous property damage, theft, fire, lightning and debris removal.
What Is the Average Home Insurance Cost By State?
Now we will breakdown the average home insurance cost by state. If you are thinking about moving to another state, this should help you decide whether or not your chosen state 's homeowners insurance rates are acceptable or not. Remember, you will have to pay homeowners insurance every year until your mortgage is paid off; therefore, you will need to make sure you can afford the monthly homeowners insurance costs on top of what you will already be paying for your house payment and property taxes. Additionally, if your chosen home is in a flood zone, you will also be required to purchase flood insurance as well. And flood insurance could add a significant amount to what you will already be paying for everything else so just keep that in mind before you commit to any given …show more content…
Therefore, should you decide to live in one of these states, you will not only save money, but you will also live in an environment that is a more safe place for you and your family to build a future. The top five states with the least expensive average home insurance cost are Idaho, Oregon, Utah, Wisconsin and Washington. Most of these states are in the Northwestern corner of the U.S. with Wisconsin being the only one not in that location as Wisconsin sits in the North Central part of the country. That means if you don 't like the cold, you might have to really think about where else you might like to