Average Home Owners Insurance Florida
The state with the most expensive homeowner’s insurance is Florida and Texas, with an average annual home insurance cost of $1,534 and $1,448 respectively.
When finding the average cost of homeowner’s insurance, one is faced with the inconvenient probability that he must have had made a bad decision of where he built his dream house. Location plays a big role in determining the cost of homeowner’s insurance more than anything else. It determines the level of risk that a house is constantly faced with.
Different states have different levels of risk; this risk pertains to the state’s exposure to natural calamities and other basis for reasonable claims. Though insurance companies live and thrive in the whole existence of risk, having to face one in the form of 6-digit claims is something that they would either like to avoid or be even about. Florida, Texas and South Carolina have been reported to be the top most expensive states to insure a house. This is due to the high number of storms that visit these states in a year. The least expensive states to insure a home are the following: Check Internet #1 Average Home Owners Insurance Florida right now!
Needless to say, these are the states with the least number of storms and other forms of natural calamities visiting in a year.
There are other factors that affect the cost of homeowner’s insurance beside location. These include the materials used to build the house and its age. This tells about the house’s endurance and resistance to fire; this is one reason why a brick house would have a lower premium than a house primarily made of wood. Proximity to the fire department and installed security and anti-burglar systems can pull the premium down a notch.
There is also the extra coverage that can add up to the price, like fire and flood insurance. The amount of deductible you choose to pay before the insurance kicks in and play its role will get you a lower premium. This is if you are ready to make a large cash-out for the sake of having a more convenient monthly bill. Check Internet #1 Average Home Owners Insurance Florida right now!
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