Property Insurance

The price would vary depending on what is being insured. Our home owners policy is $402 per year for 135,000 for the property and $70,000 for the contents.

Jamie

 

In Alabama, property insurance can be bought at the dollar store.

Not really, but it's dirt cheap in most parts of the state. Low insurance & tax rates are nice perks 'round these parts.

 

In TX the big three (State Farm, Farmers, and Allstate) will rake you over the coals. I have SF currently only because I know the agent, but once he retires I'll most likely switch to an independent agent.

 

$880 most recently. It's the house I grew up in, about 47 years old (we're contemporaries), and I bought out 3 siblings after our mom passed away 5 years ago. But within a year of her passing she wanted some things done, such as new tile in a bathroom and replace uneven flooring in another room and a couple of spots. The crawlspace supports were rotten in these places, so she did file a couple of water claims to help pay for the work. I'm the one who got stung for that, because after she no longer owned the property I could not renew the coverage for the $700 (approx.) she had been paying, but it was over $1400 with the same company. I did a little shopping around, even though I knew that these companies 'network' in order to soak people. So I had to pay that amount for a couple of years, then about 2 years ago I shopped around some more, even though premiums had come down some (they told me if I go 2 years with no more water claims that would happen), and I got another company for the current premiums. My mom probably would not have submitted those claims had she known the future results, even though they wouldn't have soaked a 'senior' as much as they did me.

 

$630 here for a ridiculous amount of coverage. The company made me insure it for replacement value, $500,000, even though I could buy 5 houses in this town for that amount of money. I have an ancient white elephant, 100 years old this year, and a grand old painted lady. Still, have had good luck with Nationwide for 35 years.

 

$1,100.00 per year through State Farm. That takes care of our property, house, and the contents, as well as hubby's truck and my car.

 

South Florida?

I wonder why ya'll's rates are so high?

 

Hurricanes?

 

Due to the hurricanes last year that hit the state my insurance went from $645.00 a year to 1,435.00 a year. We have never been hit in this part of the state in the 60+ years that I've lived here. We get a little wind and rain and had fire a few years back that took out about 90 some homes.

 

$470 insurance for $90,000 structure and $40,000 contents.

 

Rbell, I hate to tell ya, but in some parts of the state, insurance is a bit high. I'm paying $1100 a year. That is for complete replacement, though.

State Farm raised my rates to $1500 a year a few years ago even though I'd had insurance through them for at least 15 years with no claims whatsoever. They couldn't explain the increase to my satisfaction and pretty much told me to take or leave, so I did.

 

Yes, it is for all. It has the5% deduction for hurricane. It might not be bad in your book but in mine it is way to much. If my pay would jump like that it would be good. Keep in mind we don't have the problems of south Florida. I have never seen a hurricane hit here. We seem to get more rain and wind from the one that hit the west coast. They either hit below us are go up to the Ga. fl. line or up into Ga., SC or NC.

 

I hope you don't go thru any more also.

Got good news yesterday, due to the type of roof I have on my house they cut my insurance $315.00.

If I recall correctly back in the 60's and 70's we had some of the lower insurance rates in the state. Rates were based on your chance of being hit. Never had hurricane insurance because you were covered anyway, now you need it and if you are in low lands you need flood insurance.