Protect your home and belongings with homeowners insurance

60 Seconds Is All You Need To Save On Home Insurance

We take into account a variety of factors to pair you with your match. We've worked relentlessly to research all the top insurance providers and devise a matchmaking system that finds the company (or companies) most likely to give you the best rate based on your selections. Unlike other quoting tools, that collect your data and spam you with calls, emails and mail, we don't need any form of personal information, such as Name, Phone, Email, or Address, to pair you with your match.

Home Insurance

How Much Can You Save?

How much do Americans spend on homeowners insurance per annum? The average cost of homeowner’s insurance in the U.S. is $1,215 a year, according to our in-depth study of insurers and policyholders, though costs do vary from state to state. What’s shocking, however, is just how much money you can save by shopping around for better policies. Homeowners who didn’t have brand loyalty and who received home insurance quotes from other companies were able to save over $1000, according to research conducted by NerdWallet. While certain home insurance policies will offer discounts for loyalty, savvy shoppers know that the best plan of action is to constantly be shopping for the best home insurance quote. It is surprisingly easy to cancel existing policies if you find one that is better suited to your family’s home insurance needs. The key is to explore all options available to you by comparing the various policies home insurers offer. This can be tricky, though, as insurance companies will often try to confuse you by including all sorts of unnecessary information in their home insurance quotes that makes it hard to see what you’ll really pay. Luckily, you can use to easily compare home insurance quotes to find out just how much you can save!

Why Do You Need Home Insurance?

Having insurance for anything is a smart way to protect yourself in the event of misfortune or disaster. When it comes to your home - for most people, far and away their most valuable asset - you simply must have homeowners insurance. So, why is it so important?

  • Many Banks Require It
    For starters, many banks and lenders will require you to have some sort of home insurance policy in order to take out a mortgage. This is so they can feel confident that their investment is protected. You’ll need to provide them with proof that you have a home insurance policy.
  • It Protects Your Property
    The clearest and most obvious reason for having home insurance is the safety and security it provides you. Of course, everyone hopes that they will never have any need to use their home insurance policy, but in the event misfortune does befall you, having homeowners insurance can prevent you from financial ruin. Instead of having to pay out of pocket to repair your home and replace damaged possessions, your home insurance will help you cover these costs. How much money they will provide you with depends on the specifics of your home insurance policy, which is why it's important to receive as many home insurance quotes as possible so that you can be sure you’re getting the coverage you need.

Factors That Affect Home Insurance Rates

A common question about homeowners insurance is what key factors contribute to your homeowners' insurance rates? There are many factors insurance companies consider when determining your homeowners' insurance rates, including the location, construction materials, current condition, and your credit and claims history, all of which play a part in how much your homeowners' insurance rates will be. Some of the most important factors that affect your rates include the following:

  • Replacement cost
    This is what it would cost to rebuild the exact same home if it were to be destroyed. Replacement cost is not the same as your home's market value which includes other things, like the value of the land the house sits on.
  • Your deductible
    A deductible is the amount you will have to pay out of your own pocket before the insurance company pays for any additional costs. Simply put, the larger your deductible, the lower your rates will be. A deductible can be a flat dollar amount or a percentage of the claim.
  • Pools and Hot Tubs
    Pools and hot tubs can be great features of a home, but they can add to the cost of your insurance. Not only can it increase your homeowners' insurance rates, but you will also want to consider increasing your liability coverage as well to ensure you have appropriate coverage if someone gets injured.
  • Is your home close to a body of water
    If you live in a home that is located near the coast or on an inland lake or other body of water, your homeowners' insurance will be higher than homes that are not near water. There may be a separate deductible for hurricanes if your home is in a region prone to them. Living near any body of water could mean flooding, and it is critical to understand that most standard homeowners insurance does not cover flood damage from the ground outside. You may have to buy separate flood insurance, adding to your overall cost for insuring your home.
  • Claims history
    One significant driver of the cost of homeowners insurance is your claims history. When we talk about claims history, it is the history of your current home and your history at any past homes. You live in a new home, but the claims you filed at any previous homes will follow you. Insurance companies know that there is a strong correlation between filing claims in the past and the likelihood of filing claims in the future. If you have a claim and the total amount is less than your deductible, you would be wise just to pay it and not file a claim to avoid any negative impact on your rates.
  • Credit history
    In most (but not all) states, insurance companies will look at your credit score, and the results will impact your homeowners' insurance rates. The better your credit score, the lower your rates, the worse your credit score, the higher your rates. This is another reason why it is important to keep an eye on your credit score and take steps to increase it whenever possible.

While many additional factors can affect your homeowners' insurance rates, those listed above can have the most significant impact.
Our free quote tool takes many of these factors into consideration when getting you the best rate on your homeowners' insurance.

Common Home Insurance Questions

Cheap Home Insurance Near Me

If you’ve ever searched for “home insurance near me” on Google, you were most likely met with a variety of insurance providers in your local area. Although this is a great way to find a lot of potential options, it’s not a great strategy for identifying the best option with the best rates. Instead, you need a way to compare various home insurance quotes side-by-side so you can easily determine which option best meets your budgetary and coverage needs. That’s where our free quote service comes in handy. We help you find the lowest priced home insurance nearest to you based on your zip.

High-Value Home Insurance

Do you live in or own a high-value home? If so, the average home insurance policy might not have the coverage you need to protect such a sizeable investment. While you might be able to get partial protection, you’ll need specialized high-value home insurance to cover all of your property. We recommend owners of high-cost properties use our free quote tool to receive a personalized list of high-value home insurance providers from which they can choose. You’ll find it easy to get exactly what you need to make sure your property is completely covered.

Top-Rated Mobile Insurance Companies

Home insurance is a must-have for any residential property owners, including mobile home residents. It doesn’t matter how long you plan to stay, the value of the property, or any other factor. Comprehensive coverage can help protect your investment both in the short and long-term. With our free quote tool, it’s easy to find the top-rated mobile insurance companies along with policies custom-tailored to your needs. All you have to do is choose the filters based on your preferences and our system will take care of the rest. Every type of homeowner deserves the best insurance coverage, and we’ll make it easier to find.

First Time Home Buyer Insurance

When you finally make the move from renter to homeowner, it's paramount to get first time home buyer insurance. These policies can help protect one of the biggest financial investments you'll ever make. As a homeowner, you're more liable for damage than you were as a renter since you're the sole owner of the property. A comprehensive first-time home buyers insurance policy can help protect your home in the case of smoke, theft, vandalism, and vehicles along with natural disasters and weather such as hail, lightning, fire, windstorm, and even volcanic eruptions! Check out our free quote tool to see how much you could be saving.

High-risk Home Insurance

Not every home is going to be covered by standard home insurance policies. Those properties that are considered by providers to be “high-risk” will require a special form of insurance aptly named high-risk home insurance. If your home is located in an area that is prone to natural disasters or if there’s a long list of claims history on the home, you might have to invest in this form of insurance.

Home Business Insurance

During the past year, a record number of people started working from home. Many people made this switch due to their businesses closing down in-house operations, while others pivoted to self-employment. No matter your reason, it’s important to get working from home insurance to cover your business assets. You’re not automatically provided the same protection you had at work when you switch to working from home. Feel free to use our free quote tool to compare home business insurance prices from a variety of leading providers.

Facts & Questions

Standard insurance will mainly cover four key areas: dwellings, personal property, liability, and other structures. In addition, the insurance company pays all the damages and repairs in case of damage caused by covered events.

Insurance may not cover the direct property damage. However, the coverage depends on the living place. For example, if you live in an area with a history of the earthquake, policies will cover it with a high premium rate.

Damage caused by insects, termites, rust, mold, birds, rodents, industrial smoke, and agricultural operations is not covered. In addition, ordinary wear and tears or damage caused by already hidden defects are also not covered.

The best option is to ensure your home is at the replacement cost insurance because risk factors are pretty low compared to the market value. The significant risk involved with market value is that when the house is destroyed, and you haven't placed your house value in history or craftsmanship, it will not cover all the damages. So do talk to your insurance agent before making a decision.

"Covered Peril" is an event on which the insurance companies agree to pay you back/reimburse in case of damage by fire, windstorms, lightning strikes, the weight of snow, and robbery.

If your damage comes under the umbrella of coverage by home insurance policies, then you can fill in the claim form and submit it. Most insurance companies will pay you the item's actual cash value and initiate the second payment if you show them the proof of replacement.

It depends upon the frequency of claims made by you. Filling too many and illegal claims can result in the cancelation of your insurance as per company policies.

There is no defined number of claims, but it does affect your rates. It depends on an insurance company policy that allows a certain amount of "claims" in a given time frame.

If you purchase insurance coverage which equals 80% of the replacement value of your house, the 80% rule will define the insurance coverage by the insurer of that 80% you have purchased.

You can do the following things to manage your rate:

  • Read the comprehensive review and choose the most suitable option in policy
  • Look for any discount you may apply to
  • Look how much deductible you can raise to reduce rates