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How much is insurance on a million-dollar home?
We’ve just closed the deal on our new home, and we’re so excited! Our next step is to look into home insurance, but what can we expect insurance on a million-dollar home to be?
Claire Beaney · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
That’s so exciting, congratulations!
To answer your question, home insurance on a million-dollar home costs around $3,600 per year or $300 per month.
The cost of
homeowners insurance
for a million-dollar home varies by region in the United States, as each state has its own system of laws for a high-value property.Factors like structure, location, architecture, year built, and more can influence your insurance premiums. But no matter the size of your home, or the area it’s built, there are a number of ways to save on your insurance.
The easiest and most effective way to find an affordable home insurance policy that is customized for you is by using
Jerry
.In less than 45 seconds, Jerry collects all of your information from your existing insurer. Choose from competitive quotes from top insurance companies and Jerry takes care of the rest—securing your new policy and helping you cancel your old one.
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- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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