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The Cost of Homeowner's Insurance

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$ 28
Jun 2007
marana, az
new home 2400sq. ft. 4 bed
Insurance for our new home  more... close row
$ 940
Mar 2008
Rainbow City, AL
6 years old; 2200 square feet
Insurance paid through mortgage holder  more... close row
$ 1362
Jul 2007
8 year old home, 1665 sq. ft.
Comprehensive homeowner's coverage  more... close row
$ 477
Feb 2008
Long Beach, CA
57 years, approximately 1200 sq ft
Annual homeowners' policy premium  more... close row

Description of service

This is my annual homeowners policy premium for a 1200 sq ft home, with a detached garage and for a non smoker. The price has increased by 55% in 7 years, even though there were no claims during that period. The insurance covers: dwelling for $158,000, other structure $15,800, personal property $110,900 and loss of use $47,400. The deductible is $500. The homeowners insurance is paid by my mortgage company, that way I do not have to send a separate payment. This, together with property taxes makes it to just one monthly payment to the mortgage company.

Review of Service

I have been with the company for many years, and their customer service is very good. Since I did not have any claims I really do not have any personal experience at how they handle losses, actually I would like to keep it that way. As far as the yearly premium goes, I am a little surprised that it went up by 55% even though there were no claims, however, since everything went up in 7 years, including the value of homes, I imagine they are justified in raising the premium.


It is good to go with a reputable company, that has been in business for a while. Having recommendations from family and friends does not hurt either.

$ 420
Nov 2007
Indianapolis, IN
15 years old, 1950 sq. feet
Property, home and liability insurance  more... close row
$ 294
Sep 2007
San Jose, CA
20 years old, approx. 1000 sq ft
Annual premiums for insuring a condo  more... close row
$ 400
Jan 2008
Phoenix, AZ
2500 square feet, built 1982
Liability, damage and theft coverage  more... close row
$ 457
Mar 2008
grundy va
2006 southern estates mobile home with 2446 square feet.
New homeowners insurance with same coverage  more... close row
$ 1021
Mar 2008
Garland, TX
29 years old and 1550 sq ft.
Homeowners insurance doesn't cover many things  more... close row
$ 1211
Mar 2008
Boiling Springs, SC
Coverage for home with a pool  more... close row