Our last home (~$400k replacement cost) ended up costing about $1,500/year for insurance with good coverage:
Dwelling: coverage equal to full rebuild cost
Personal property: about 50–70% of dwelling
Liability: at $300k
Loss of use: included
We chose a $1,000 deductible, which felt safe — when we raised it to $2,500, we dropped the premium by a few hundred bucks. If you’re young and healthy, a higher deductible makes sense; if you don’t have a big savings cushion, a lower one might be better.
Also ask agents about discounts for updated systems (roof, electrical, plumbing) — we saved a good chunk from that alone.
Our last home (~$400k replacement cost) ended up costing about $1,500/year for insurance with good coverage:
We chose a $1,000 deductible, which felt safe — when we raised it to $2,500, we dropped the premium by a few hundred bucks. If you’re young and healthy, a higher deductible makes sense; if you don’t have a big savings cushion, a lower one might be better.
Also ask agents about discounts for updated systems (roof, electrical, plumbing) — we saved a good chunk from that alone.