Home Buying in 75080>Question Details

Wil Brooks, Home Buyer in Dallas, TX

What is an average cost of homeowners insurance policy?

Asked by Wil Brooks, Dallas, TX Fri Jul 6, 2012

Our lender referred us to a company that wants to charge us $1625. The house was built in 1954. This total does NOT include our autos.

Help the community by answering this question:


Chanel’s answer
There are a couple of factors that would affect the cost.
Replacement cost of the home which is determined by the type of building materials used to build the house, territory or zip code, your insurance history such as insurance score and claims history if any, and a few other factors depending on the company. Its always best to get a couple quotes and compare not just rates but also coverage. Some policies are broad form and some are special which are very different contracts. You really need to get some quotes from insurance agents and compare them. Its a bit of work but hopefully the company you get insured with is the one you keep for a while.
Web Reference: http://myinsurancenerd.com
0 votes Thank Flag Link Thu Jul 12, 2012
Hi Wil,
You can shop for insurance. I suggest you start with your current auto provider asking if they can give you a quote for homeowners. They may offer a discount if you purchase auto & homeowners from them.
Then you can call other insurance companies for additional quotes. Make sure you are comparing "apples to apples" with the same coverage & deductables.

Check out this site to compare insurance companies in Texas:

Elizabeth Morgan, Realtor
Fathom Realty
0 votes Thank Flag Link Thu Oct 25, 2012
Thank you for the suggestion. I need a homeowners policy, but I didn't know where to start looking. I have been with my auto insurer for many years, so I like the idea of starting with them. I will definitely shop around for other quotes, though. I can't afford to overpay.

Flag Wed Oct 29, 2014
Thanks for all the help. It is much appreciated. We are gathering a couple of other quotes to compare.

all the best,

0 votes Thank Flag Link Mon Jul 9, 2012
Hi Wil,

$135 per month seems reasonable to me.

You should always shop around tho. It depends on how big your home is and what deductable your policy has. it usually runs about 90-200 again depends on the size of your home and what area as well.

Get two other bid just to make sure your current price is competitive.

JP and Associate
0 votes Thank Flag Link Fri Jul 6, 2012
Hi Wil,
You can shop for insurance so you might want to check with the provider you use for auto to see if they can offer a discount if you purchase homeowners and auto. The cost of the homeowners policy will depend on many things as stated below including the age and condition of the house. I would get quotes making sure you are comparing the same coverage & deductables "apples to apples"
& check out the companies online for customer satisfaction.

Good luck!
0 votes Thank Flag Link Fri Jul 6, 2012
I understand that the autos are not included under the "homeowners" policy. However, from the research I have done it is standard to bundle both home and auto together.
0 votes Thank Flag Link Fri Jul 6, 2012
1. Autos are never included on your home owners insurance.
2. Insurance varies based on purchase price, personal content, credit scores and much more

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer

Follow me on Facebook
0 votes Thank Flag Link Fri Jul 6, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer