Is a family paying too much for their home insurance? There are a lot of things contributing to the overall cost of the monthly homeowner’s insurance. Americans fundamentally understand that homeowner’s insurance will vary depending on the size of the home, the specifics of the policy, the company, and safety precautions in the home. All of these are controllable to an extent. Families are often paying too much for home insurance. They need to look at the one biggest factor in assessing costs- location.
Homeowner’s insurance changes dramatically depending on the state. Below is an average guide of some of the most expensive states to live in in regards to homeowner’s insurance, and some of the most affordable. Massachusetts is somewhere towards the middle, with fairly priced Home Insurance Services in Grafton MA.
Looking at expensive states for homeowner’s insurance brings forward a few unsurprising facts. Florida is one of the highest overall. With an average homeowner’s insurance of well over $150, few states can compete. Louisiana and Mississippi are booked notoriously high as well. They both average over $120 a month. The reason may have a lot to do with Hurricane Katrina, which devastated the region back in 2004.
Some states seem to be a little more fortunate in their monthly homeowner costs. Arizona has one of the cheapest terms, with an average of about $58 a month. Idaho is almost comically low, at a jealous $45 a month. What kind of home threats are in Arizona and Idaho? Wisconsin and West Virginia are also relatively low, averaging about $60-$70 a month. It is a trend along the North coast. The only major threat is, seemingly, tornadoes.
The Home Insurance Services in Grafton MA fall in the ballpark of about $95 a month. The cost differences, when broken down further, can come to what type of terms and variables are in the agreement. Visit Neinsure.com and speak with a representative to get a customized insurance policy plan that can likely beat the state’s standard rates. Competitive pricing is normal in the region, and some insurers are paying too much for no additional services and mediocre premiums.