What is an Average Home insurance rate of a 2 story house?
Thursday, February 25th, 2010 at
8:34 am
Loser asked:
4.5 baths
5 beds
3000 sq feet
finished basement
3 decks
1 fenced in gorund pool
Please, just and average for 1 month home insurace.
No super valuables or anything. (It’s for a project) I just can’t find anything that won’t just give me a chart or some thing. In class we had to make up an imaginary house and get all this different stuff for it. I’ve found everything,but home insurance rate without having to put in my personal info.
the home would be located in southern michigan
4.5 baths
5 beds
3000 sq feet
finished basement
3 decks
1 fenced in gorund pool
Please, just and average for 1 month home insurace.
No super valuables or anything. (It’s for a project) I just can’t find anything that won’t just give me a chart or some thing. In class we had to make up an imaginary house and get all this different stuff for it. I’ve found everything,but home insurance rate without having to put in my personal info.
the home would be located in southern michigan
Tagged with: Baths • Beds • Personal Info
Filed under: Homeowners Insurance
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This is highly dependent on the area…for example, hurricane- or flood-prone areas have very high premiums, and some insurance cos. won’t even take you. If your imaginary home is not at risk for those types of things, i would estimate on average about $1,000 per year, but that’s largely a guess.
well,the fact theat the pool is fenced does make it a little cheaper but,you will get a little bit of abite for having one.3000 is a mid sized house so that might pump it up a little bit.You said basic so
if it has a garage that may effect it try go to state farms web site.
Just go to and use the get a quote function.
The insurance on the home is going to be based upon:
-Replacement cost to build it
-Claim history
-Applicable discounts (burglar alarm, smoke detectors, etc)
-Insurance and Financial Stability score (not usually done in online quotes)
-Where the home is located (is it on the beach in a hurricane prone area? or middle of Kansas?)
-Protection Class (based on proximity and quality of the neareby fire depts.)
Homeowners Policies generally are written for a period of one year and renewed at that interval. However you can pay most likely on a monthly basis.
Rating a homeowners policy ( or dwelling policy) generates many different questions before a rate can be generated.
This home is 2-story – 5 bedrooms- 4.5 baths with a pool and finished basement. The criteria used would be as follows..
Where is the home located? If it is situated in city limits..lets say a city the size of Minneapolis then the fire rate would be less than a house a rural area 20 miles from the nearest fire dept. Home rates are based on territory of nearest responding fire department.
Another question is how old the home is. Todays costs of construction is greater to build a home than 10-15 years ago. We need the age.
Also is it a brick home? or frame. Rates need the construction class. Obviously the rate would be cheaper if it was brick vs. frame (stick build construction(.
Insurance rates are debited or credited on what surround or what is in the home. In this case you have a pool. The rate would be surcharged. also, if you have a certain kind of dog ( shephard, dobberman etc) for the liability coverage.
The occupants credit rating now days is another factor insurance companies look at to determine qualification and rating. If the homeowner has a credit score of 800 then the rate would be better than a homeowners with a score of 550.
This is do to the payment and financial stability perspective.
These are a few of the main questions to determine rates for homes. I can not properly give a home rate ( estimate) with out at least these answers.
you can check online
It doesn’t work that way. Rates are HEAVILY based on your credit score, and the cost to rebuild the home. You also need to know how old the house is. You can’t buy homeowners insurance for one month at a time. If you’re doing a budget for a school project, figure $2500 a year for insurance, but that’s a WAG (wild a** guess). Figure property taxes at 3 – 4 times that, for your school project.
oh my goodness… what a fuss.. we got calls like this all the time from the local HS.. Call your parents ins agent…. tell them what is going on.. ask for a favor.. it will take them minutes to plug in the numbers.. they will give you an annual price.
divide by 12.
good luck! drop off a box of donuts