Hippo Home Insurance Quote
Hippo Home Insurance Quote
Knowing the specifics of purchasing homeowners insurance is essential, regardless of whether your offer on your first house was accepted or you’re trying to update the coverage on your present house to better suit your requirements.
Hippo Home Insurance provides extensive coverage options that are designed to satisfy a range of homeowner requirements. Making an informed choice is important if you’re thinking of using Hippo for your house insurance needs. You should be aware of their perks and how to get a quote.
How much you should have for each type of home insurance
Here are some general recommendations to go by when figuring out how much homeowners insurance you require:
- Dwelling coverage: 100% of your property’s replacement cost
- Separate structures coverage: 20–30% of your dwelling coverage
- Personal property coverage: 50–70% of your dwelling coverage
- Liability coverage: at least $100,000
- Additional living expense coverage: 20% of your dwelling coverage
Factors affecting the cost of homeowners insurance:
Here are some other factors that affect the cost of homeowners insurance:
- Your insurance/credit score
- How close do you live to a fire station
- Your earthquake, flood, or brush fire risks
- Other risks on your property
- How close do you live to a coast
- Your loss history report
- Your home’s age
- Your roof’s age and quality
- Your home’s size
Average homeowners insurance cost by state
Let’s look at the average cost of homeowners insurance by state.
Louisiana…………. $2,212
Florida……………. $2,193
Texas……………… $2,128
Oklahoma……….. $2,119
Kansas-…………….$1,780
Rhode Island…….$1,743
Mississippi………. $1,727
Colorado…………. $1,680
Massachusetts….. $1,672
Nebraska………… $1,664
Connecticut……… $1,662
Alabama…………. $1,611
Arkansas-………..$1,540
Minnesota……… $1,515
New York………… $1,471
How to save more on your home insurance
There are also other ways in which you can be eligible for reductions on house insurance:
- Enrolling in insurance before the expiration of your current policy or before closing on a new residence can result in savings of roughly 10%.
- several years without making a claim (savings of up to 20%)
- Using your funds to pay for your house instead of a mortgage (up to 10%)
- Having a fire extinguisher on hand can save you up to 5%.
- Reside in a gated neighborhood and save up to 20%
- insurance for a freshly built house (savings of up to 30%)
To learn more, get a home insurance quote today.
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