How do they figure insurance costs? About how much would annual insurance be for a $70,000 house? Thanks~!
2007-03-22 05:54:41 · 6 answers · asked by clclc 2 in Business & Finance ➔ Renting & Real Estate
Insurance varies widely for many reasons. Obviously, in Mississippi or Louisiana, you're paying higher rates than in Kansas.
The style and age of your home can be a factor. As can the distance from your home to the nearest fire station.
I could see it be anywhere from $400 to $1000 per year, hopefully more on the low side.
Keep in mind, buying a home for $70K doesn't necessarily mean you need to be covered for $70K either. Part of that value is the land your home is on, which would remain even if the house burns down.
2007-03-22 06:00:15 · answer #1 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
Get insurance quotes
2014-11-05 21:52:00 · answer #2 · answered by ? 1 · 0⤊ 0⤋
Try getting an online insurance quote from one of the major insurance providers at http://WWW.PROTECTIONQUOTING.NET
2014-05-29 04:22:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Typically, you can estimate in one of two ways.....$500/$200,000 of value which would give you $175 per year.....or 3/1,000 of value which would give you $210....go with the higher figure when budgeting since this give you a more conservative analysis........
2007-03-22 06:28:40 · answer #4 · answered by boston857 5 · 0⤊ 0⤋
You can save a lot of money on your insurance by comparing quotes at: INSURANCEFORCHEAP.INFO
2014-04-26 17:12:15 · answer #5 · answered by Anonymous · 4⤊ 0⤋
It depends a lot on location. If you have a dog it will also affect your rate depending on the breed.
2007-03-22 06:01:03 · answer #6 · answered by sleepingliv 7 · 0⤊ 0⤋