Man, I was shocked by the numbers. I have a ~$400k house and got one quote for $900/year and another for $2,500/year — same coverage limits, same address. The only differences were company and deductible size. 😵💫
Some useful stuff I learned:
Insurers price based on replacement cost (what it would cost to rebuild) not what Zillow says your house is worth.
Bigger deductibles = lower premiums, but you pay more out of pocket if something happens.
A friend in tornado country pays like $3,000/year because of hail risk alone.
Man, I was shocked by the numbers. I have a ~$400k house and got one quote for $900/year and another for $2,500/year — same coverage limits, same address. The only differences were company and deductible size. 😵💫
Some useful stuff I learned: