Get Homeowners’ Insurance Quotes Online

Compare Quotes for Homeowners’ Insurance

When you receive a homeowners’ insurance quote, it's key to assess it thoroughly to make an informed choice. Here are several factors to consider carefully:

Overall Price: Compare the total premium costs among different quotes for homeowners. Keep in mind that the cheapest option may not always provide the best coverage. Look for a balance between affordability and sufficient coverage.

Deductibles: A deductible is the amount you must pay out of pocket before insurance coverage kicks in. Higher deductibles generally lead to lower premiums. Understand how different deductible levels impact your policy and choose one that fits your budget and risk tolerance. Remember that you'll need to pay this amount if you make a claim, so consider what you can comfortably afford.

Discount Options: Inquire about available homeowners’ insurance discounts which can range from 5% to 25% on average for bundling home and auto policies. Installing security systems, fire alarms, or maintaining a claims-free history could lead to additional discounts of 5% to 20%, but savings vary based on factors like the insurer and your policy details.

Additional Coverage Options: Beyond the standard coverage options, inquire about add-on coverage for specific risks or high-value items. For example, if you live in an area prone to floods or earthquakes, ask about adding this coverage to your homeowners’ policy.

Policy Limits: Ensure that the coverage amounts are sufficient to rebuild your home, replace your belongings, and protect you against potential liability claims. Average dwelling coverage can range from $100,000 to $500,000, while personal property coverage often equals 50% to 70% of the dwelling limit. Liability coverage starts at around $100,000, and loss of use coverage is typically 20% to 30% of the dwelling limit.

Claim Process: Learn about the insurance company's claim process. Check how they handle claims, how quickly they respond, and their reputation for resolving claims fairly and efficiently.

Financial Stability: Verify the financial strength and stability of the homeowners’ insurance companies you're considering. A financially stable insurer may be better equipped to fulfill obligations and promptly pay claims.

What Will You Need to Get a Homeowners’ Insurance Quote?

To obtain a homeowners’ insurance quote, you will typically need to provide the following information to the insurance company through its online platform:

Personal Information: Providers will typically ask for your name, date of birth, Social Security number, and contact details.

Address and Property Information: You'll need to know the address of the property you want to insure, along with details about the type of property (e.g., single-family home, condo, townhouse), the construction materials, the age of the property, and the square footage.

Home Features: Information about any safety and security features in your home, such as smoke detectors, security alarms, fire extinguishers, or sprinkler systems.

Coverage Limits: Decide the coverage and limits you need, including dwelling, personal property, liability, and any additional optional coverages. Average coverage limits range from $100,000 to $500,000 for dwelling coverage, 50% to 70% of the dwelling limit for personal property, and around $100,000 to $500,000 for liability coverage.

Deductible Amount: Select a deductible amount that suits your comfort level, as it will impact your home insurance premium. Average deductible options range from $500 to $2,000 or more, with lower deductibles resulting in higher homeowners’ insurance premiums and higher deductibles leading to lower premiums.

Claims History: When obtaining insurance, be prepared to disclose your claims history, including the dates, types of claims, amounts claimed, and the insurance company's response.

Occupancy: Indicate whether the property will be your primary residence, a secondary residence, or a rental property.

Additional Policies: If you already have other insurance policies like auto insurance, you might be asked about bundling options for potential discounts.

Pets and Liabilities: Disclose information about your pets (if you have any) and any potential liability risks associated with them.

Credit Score: In some cases, insurance companies may use your credit score to determine your premium.

Frequently Asked Questions About Homeowners’ Insurance Quotes

Whether you are a first-time homebuyer or looking to switch insurance providers, you are bound to have some questions. Keep on reading for more insights and guidance into homeowners’ insurance.