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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
$ 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

Description of service

The price is for a year's complete coverage including liability, flood, fire, storm, accidental damage of property on and off site (say if you take your laptop on a trip and drop it off a balcony, we had that covered), and theft of property from within a 2500 square foot home in a quiet neighborhood, not on a flood plane, and with smoke detectors in every room. Earthquake and hurricane coverage were also available but not really necessary in Phoenix. Rates vary based on the size and age of the home as well as total value of the goods insured and the mechanisms in place to protect them. Discounts were available for monitored security systems, safe neighborhoods, and homes that have recently been inspected and given a passing grade.

Review of Service

Seeing as we've never had to use the service, it's more for peace of mind than anything. If we're lucky, we'll never have to use it either, but it's cheap compared to the potential cost of a fire or burglary. So far the insurance company has been exceptionally easy to deal with and we've been without complaint. The company also has a reputation for treating its customers well so we're not too worried in that regard.


Insurance is a place where it pays to shop around. The exact same service from one company may cost half as much from another depending on their rate charts and risk assessments for your area. However, as this is (hopefully) going to be a rarely-used service, a company's reputation is more important than saving a dollar or twenty.

Big ticket items like art or expensive electronics setups may have to be inspected by the insurance company before insurance is issued. And be careful of getting insurance for things that just don't happen in your area. For example, you're unlikely to need volcano coverage in Kansas, or snow damage coverage in Phoenix.

$ 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