4 Thoughts on The cost to rebuild my home is 257,000. How much is my insurance premium annually?
  1. Reply
    March 15, 2013 at 8:37 pm

    Who told you the cost is $ 257K?

    The cost for insurance depends upon the company, your credit score, distance to a fire hydrant or station, and if there are any discounts applied.

    EDIT for your additional details ▬ if the insurance company came up with that figure they’ll also tell you how much the premium will be. The insurance credit score is slightly different than your financial credit score. How close to a fire station in miles will affect the premium.

  2. Reply
    Glen N
    March 15, 2013 at 8:58 pm

    You need more info but I will give you an estimate of about $ 600-700 One big factor is how big of a deductible you have. It will also vary by credit score and other deductions, such as multiple policy discounts, zero claim discounts. It also depends on how close you are to a fire hydrant and a manned fire station.

    Don’t necessarily go with the lowest cost company, check their customer satisfaction ratings. (below)

  3. Reply
    Just Me
    March 15, 2013 at 9:10 pm

    Your credit score and your insurance score are completely different scores. Each company has a different calculation to determine it, so depending on the company, it can vary. Now, in order to determine a price, your agent will need the exact address, your claim history, all of the information to determine what discounts you’re eligible for (such as multiple policy discount, years as homeowner, security system and type, etc.). Your agent will also need to know the deductible you would like. There is no standard price or general answer. It greatly depends on multiple factors and each company’s language and homeowners package can be extremely different. Sorry to be so vague, but this just isn’t a question for a general forum. Talk to the company you wish to do business with. State Farm, USAA and Allstate are some of the top ranking companies in America.

  4. Reply
    March 15, 2013 at 9:37 pm

    It matters a way lot, what the house is made of, how rural it is, what state you live in, how close you are to the coast, what policy form, which endorsements, what deductible, if you even HAVE wind coverage etc.

    Anything from $ 1200 to $ 7000 could be reasonable.

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