How can I estimate homeowners insurance?

Asked by Mark Barbara Mcmanus, 27104 Sat Sep 3, 2011

All these mortgage calculators ask for your taxes and insurance info to give you a truer estimated monthly payment, etc. I know the property tax rate to plug in but how do I get an insurance estimate? None of the insurance carrier websites will give me an estimate--they all have 'system problems' or I need to call to get an estimate. I just want a number to plug into the calculator for escrow.

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7
Christopher…, Agent, Tarrytown, NY
Sun Sep 4, 2011
Hi, the pricing varies based on the home, location, condition, and your credit score. Call a few companies to get proper estimates.

Chris
Web Reference:  http://raveis.com/chrispagli
0 votes
Jennifer Fiv…, Agent, Red Hook, NY
Sun Sep 4, 2011
I do think to get a true picture you should talk to a local agent. There could be situation locally that would impact your rate that an online estimate might not factor in.
0 votes
Lynn Hayes, Agent, Carrboro, NC
Sat Sep 3, 2011
Insurance rates used to be somewhat standardized, but now they are dependent upon your credit rating and the rating of the property. If there have been claims on the property the cost to insure it will be higher; if your credit score is low the insurance cost will be higher. Any insurance agent will be glad to give you an estimate with no obligation, but once you've found the property it is a good idea to get a quote on that specific property as well.
Web Reference:  http://www.lynnhayes.com
0 votes
Ryan Smith, Agent, Murrieta, CA
Sat Sep 3, 2011
Hello, I'm not sure about your area, but a good estimate for my clients in Southern CA is $60/month. Try calling your insurance agent who wrote your auto policy and ask for an estimate.

Good luck!
Web Reference:  http://www.ajsocalteam.com
0 votes
Paul Wainwri…, Agent, Pittsfield, MA
Sat Sep 3, 2011
Truly the only way to get a good estimate of insurance is to contact an insurance company or agency. The cost not only depends on the house you are buying but also your own personal circumstances. Insurance companies now use a credit bureau report to determine risk and it varies considerably from one person to the next. Also the replacement cost used for a large older home is often several times the market price. They may even include the cost of replacing the old plaster instead of using sheet rock!
0 votes
Keith Bennett, Agent, Columbus, GA
Sat Sep 3, 2011
If you are just playing around, just throw any number in. It sounds as if you are looking for the P&I payment. You can click visit my site and get a P&I payment with out the trouble. http://www.fortmitchellhomeshow.com/MortgageCalculator.html Good Luck on buying a home.
0 votes
Anna M Brocco, Agent, Williston Park, NY
Sat Sep 3, 2011
For realistic homeowner's insurance costs, call any local insurance companies and ask free estimates based on your needs, then go from there....
0 votes
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