
Homeowners insurance can cost as much as $1,899 annually and vary from state-to-state. This is based on a policy with $300,000 in dwelling coverage, according to Policygenius' analysis of home insurance rates in every U.S. state and ZIP code.
Note that the rates shown are the national average. They may differ significantly depending on factors such as where you live, what level of coverage you want, or your personal credit and claims record.
The cost of your property insurance depends on a variety of factors. This includes the age of your property, how much insurance coverage you choose, as well as your location.
It is important to consider your deductible, as this determines the amount of money you will have to pay before your insurance company begins paying out claims. In general, higher deductibles lower your premium. In general, higher deductibles lower your premium.

You can also reduce the cost of your homeowners insurance by changing the type of roofing you use. For example, a concrete block house can be less expensive to insure than a wood-frame structure.
Six types of coverage can be found in a homeowners policy: dwelling coverage (coverage of the home), personal property coverage (coverage of your belongings), liability protection (coverage of loss of use), other structures coverage and medical payments. They all cover your possessions and assets if you experience a covered event, like a fire or a flood.
The decision to select replacement cost value over actual cash values (ACV) can be a wise one, since it ensures that your payout will not depreciate with the age of your home. You should shop around for homeowners insurance with an RCV coverage option.
You should also consider how much your home is worth, since it can influence the price of a policy. You'll also want to make sure that the policy you buy covers your home in its entirety, which includes any renovations and additions.
Additions coverages are always recommended, even though the majority of policies already include basic coverages. Add-ons can include theft coverage, water damage or other options that will protect you in case of a disaster.

The best way for you to choose the right homeowners' insurance is to compare multiple quotes. This is a simple and free way to determine the cost of your home insurance as well as what coverage best fits your needs.
It's always a good idea to shop around before signing a policy, as every insurer prices their policies differently. To get the best homeowners insurance deal, compare three or more quotes.
A good idea is to also inquire about discounts. For example, many companies give discounts to customers who have multiple policies or own a safe home. You can also save money on homeowners insurance if you raise your deductible, or if you take out an umbrella policy which includes liability coverage for autos, life, and other types of liabilities.