Many different factors can influence how much you pay for homeowners insurance. Some of the most important include:
- Your home’s age
- Your home’s condition
- Where you live
- Your claims history
- The level of coverage you purchase
- The size of your deductible
- Your home’s replacement cost
That being said, recent data from Matic found that the average cost of homeowners insurance in the United States was about $1,779 per year.
The good news? Most carriers offer a variety of homeowners insurance discounts that can help you lower your rates.
