What is the Average Cost of Homeowners Insurance?
The national average in 2021 is $1,312 annually. This amount is based on $250,000 in coverage. Just like with all types of insurance, the cost can vary widely based on factors such as:
The national average in 2023 is $1,820. This amount is based on $300,000 in dwelling coverage. Just like with all types of insurance, the cost can vary widely based on factors such as:
- Home State
- Market Value
- Home Composition
It’s not always possible, but when purchasing or building a home, choosing building materials that will insure at a lower premium can help save you some money and grief if they are more likely to withstand disastrous events.
Contact Freeway Insurance Today for Affordable Homeowners Insurance Coverage
For many people, acquiring homeowners insurance is a mandate set forth by their lender, but everybody needs to protect what is most likely their largest-ever purchase and investment. Getting insured by the experts at Freeway Insurance is easy. Start your free homeowners’ insurance quote by calling us at 800-777-5620, or at one of our offices near you.