(Closed) Midwesterners, how much do you pay for home insurance annually?

posted 6 years ago in Home
Post # 2
252 posts
Helper bee
  • Wedding: July 2015

regit45:  120k home, about 1900 sq ft, insurance is about $900 a year. i live pretty much in the middle of the midwest, not in a humongous city or anything, just your typical town.  sounds like you might be quoted a little high. i’d shop around.

  • This reply was modified 5 years, 9 months ago by  .
Post # 3
5954 posts
Bee Keeper
  • Wedding: May 2014

regit45:  We are in St Paul, MN (large-ish city) and pay a little over $900. But truly I don’t know at this moment what our deductible is. Maybe you have a smaller deductible than we do?

Post # 4
342 posts
Helper bee
  • Wedding: April 2013

In Milwaukee, we have a 1600SF house that we paid $205K for and our annual homeowner’s insurance is under $600. I don’t know what our deductible is though because my Darling Husband set it up.  

Post # 5
915 posts
Busy bee
  • Wedding: October 2013

Try to find an Erie Insurance agent.  It’s one of the few companies left that offers guaranteed replacement coverage (ie. your house burns down, it was covered for $200k, they’ll pay however much it takes to rebuild to how it was before even if it’s more than the $200k on the policy).  They are also very cheap.  I worked for them until I moved; great company, very honest, and excellent claims ratings.  I’d use them if I could, but they don’t cover this far south.

I wrote my parent’s homeowners policy with Erie and it was about $700 for a house worth around $250k (plus I think I accidentally hurt my dad’s credit a bit when he cosigned a car with me in college haha – that ups the price!).  Most home policies we wrote were in the $400-$600 range.

Post # 6
1328 posts
Bumble bee
  • Wedding: April 2014

You should get a quote from a few companies and compare (just make sure it’s the same coverage and deductible amounts).  Most insurance companies consider things like if you’ve had claims, sometimes your credit history, etc.  So it can vary from person to person a lot.    But if you shop around you’ll be able to see what’s average for you.

Post # 9
1475 posts
Bumble bee
  • Wedding: November 2014

Commenting to follow. We’re looking at homes now and the quote we got kind of surprised me ($1500 for a $400K 2600 sq ft home). This is something I know absolutely nothing about so want to hear others’ experiences.

  • This reply was modified 5 years, 9 months ago by  applecat.
Post # 7
369 posts
Helper bee
  • Wedding: September 2013

I live in Kansas City and we have a $206,000 home that is 2,300 sqft. Our insurance is $1100 a year.

Post # 8
3263 posts
Sugar bee
  • Wedding: February 2014

I’m just outside Chicago in a really big expensive suburb area. For our house, insured at 140k I think, we pay just over 700 annually. It’s 1200sqft. It also has replacement cost plus 20% written into the policy.

Post # 10
1041 posts
Bumble bee
  • Wedding: September 2013

regit45:  I’m in a Chicago suburb.  I pay about that, but my home value is double.  Yours seem a bit high for the home value, but it could depend on your neighborhood too.  If there are a lot of claims in your area, your rates will be higher.

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