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What's the average price of home insurance in terms of percentage of the sales price?
I'm shopping for home insurance and I want to get the best rate possible. What's the average price of home insurance in terms of the sales price of a home?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Most insurance rates are right around 0.25% of the sales price of the home, or of the appraised value of the home.
However, this can vary wildly depending on the location of the home. Average home insurance policies are usually between $900 and $1,500 per month.
If you want to save money, you may want to try bundling your home insurance with your
car insurance
. Most companies will offer multi-policies discounts. You can also shop around with various companies to find the best rate. If you want to leave the hard work of pulling multiple quotes to someone else, use
Jerry
. Jerry compares rates from the top providers for you and delivers the best deals to your phone in minutes.”View full answer
- Gregory R.
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