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?

Answer
“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.”
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Eric Schad
Answered on Aug 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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