The States with the highest cost for homeowner’s insurance were Florida, New York, Connecticut, Kansas, California, Rhode Island, Alabama, and Mississippi. The state with the lowest homeowner’s insurance premium was Idaho, at an average of $538. The average cost of homeowner’s insurance in Florida was $2,084.
How are San Diego homeowner’s insurance premiums determined?
There are many factors that go into determining the cost of your homeowner’s insurance premiums. These factors can include the following:
Do you live close to water, in a high wind zone, or on the coast? If you do, you will pay more. Past weather-related claims are a major culprit for driving up rates.
How close do you live to a fire station? The closer you live to a fire station, the better for you as your rates will be lower.
The cost to rebuild your home is used in determining your homeowner’s insurance premiums. The more your home is worth, the more you will pay.
The age of your home can make a difference. If you have a newer home you may pay less than an older home of like value and kind.
What kind of fire protection do you have? Many newer homes now have sprinkler systems, this helps reduce premiums. If you live in an area where there are no fire hydrants, you will pay more.
The construction of your home will help determine your premiums. Brick homes cost less to insure than wood homes.
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