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Save an average of $693 when bundling home and auto insurance with SelectQuote.
Looking to compare home insurance quotes? You may consider bundling your home and auto insurance quote to save you money.
Homeowners Insurance
Homeowners insurance is a valuable tool to protect your home and loved ones. When purchasing homeowners insurance, you’ll want to make sure you’re getting a competitive rate, and SelectQuote can help. We shop and compare home insurance quotes from highly rated carriers to find you the right coverage for your budget.
How much does homeowners insurance cost?
Home insurance rates depend on several factors, including:
- Your ZIP code
- The age and condition of your home
- The condition of your roof
- Your policy limits and the types of named (or unnamed) perils listed in the policy
Average home insurance costs are often higher in states that see increased risk of loss due to natural disasters. It’s possible to find affordable home insurance that doesn’t require sacrificing coverage or raising your deductible: all it takes is comparing rates—including bundling home and auto insurance.
Average Home Insurance Rates
Average home insurance rates can vary greatly from state to state and even ZIP code to ZIP code. The rates listed above note average monthly homeowners insurance rates for SelectQuote customers. Bundling home and auto insurance coverage together can help save you money, whether you’re a new customer or simply looking to shop, switch and save. Get your free home insurance quote today.
| Average Home Insurance Rate | Average Multi-Home Insurance Bundle Rate | Average Home and Auto Insurance Bundle Rate |
|---|---|---|
| $125.38/month | $117.87/month | $281.19/month |
Average monthly rates are from effective SelectQuote customer policies between 4/1/2022 and 3/31/2023.
What determines your home insurance rates?
There is no set average home insurance cost, so everyone’s homeowners insurance rates may look different. Factors that affect homeowners insurance premiums can include:
- Location of your home
- Your chosen deductible amount
- Your roof’s condition
- Your credit score (in most states)
- Your claims history
- Age of your home
- Any renovations done to your home
- The replacement cost of your home
- Home security systems and safety features
Homeowners Insurance Discounts
Home insurance discounts make it easy to save on home insurance. There are plenty of discount options that you can qualify for, including:
Multi-Policy DiscountWhen you combine your home insurance with your auto insurance policy, you can earn a multiple policy discount, also known as bundling. Customers who bundle with SelectQuote save, on average, $693.
New Construction or New HomeYou could potentially qualify for a discount if you recently built your home or bought it within the past 12 months.
Home Security System DiscountInstalling a home security system or other security measures in your home can earn discounts from certain carriers. This could include smoke alarms, fire extinguishers, leak and water sensors, and more.
How You PayPaying for your home insurance policy in full, choosing a higher deductible, or signing up for paperless billing are just a few examples of ways insurance carriers offer discounts.
Bundle Home Insurance to Save Money
One of the best ways to save money on home insurance is by combining your insurance policies, also known as bundling. Bundling home and auto insurance even has several benefits beyond cost savings. Working with one carrier instead of multiple means less hassle and a more smooth, efficient claims process. SelectQuote helps save customers who bundle their home and auto insurance policies $693 on average.
- Home and Auto Insurance Bundle: When you bundle your home and auto insurance, you have separate policies but get discounts based on buying coverage from one carrier.
- Home and Umbrella Insurance Bundle: Bundling home and umbrella insurance allows you to buy coverage to protect both your home and yourself from liability in the event of an accident or injury on your property.
- Home and Toy Insurance Bundle: If you own multiple recreational toys, such as RVs, jet skis and ATVs, a home and toy insurance bundle can help you save money on the cost of insuring them under one blanket policy.
- Home and Natural Disaster Insurance Bundle: If you live in an area with increased risk of natural disasters such as wildfires, flooding, mudslides, hurricanes or other severe weather, you may need additional insurance coverage.
- Multiple Home Insurance Bundle: Bundling can save you significant money if your home insurance needs include buying a policy for multiple homes. Whether your second home is a vacation home or a rental property, a multiple home insurance bundle can help reduce the cost.
Types of Homeowners Insurance Coverage
There are several types of home insurance coverage to protect your home, including:
| Type of Homeowners Insurance Coverage | What This Coverage Protects... |
|---|---|
| Dwelling | Dwelling coverage should cover the cost it would take to rebuild your home, also known as your home’s replacement cost, in the event it was destroyed. Dwelling can also cover garages and other detached structures on your property. |
| Personal Property Coverage | This covers belongings such as furniture, electronics, clothing, equipment and more if they were damaged. |
| Personal Liability | Personal liability protects you and your family financially from expensive lawsuits if you or residents of your household are legally responsible for someone else’s property damage or bodily injury. |
| Loss of Use & Additional Living Expenses | This coverage type pays for your housing, meals, animal boarding and other expenses (up to a specified limit) if you are unable to stay in your home due to an uncontrollable event. |
Homeowners Insurance Coverage:
Home insurance provides coverage for costs you could incur from:
- Fire
- Water damage
- Theft
- Damage from weather
- Leaking, frozen and burst pipes
- Personal injury occurring on your property
What does homeowners insurance NOT cover?
Home insurance won’t provide coverage for costs you could incur from:
- Damage from normal wear and tear
- Damage as a result of neglect
- Damage from natural disasters such as earthquakes and floods that typically require a separate insurance policy
- Water/sewage backup (although coverage can be added at an additional cost)
Other Types of Property Insurance Coverage
Umbrella Insurance
Umbrella insurance is a way to safeguard yourself and your assets when an accident occurs and you’ve exhausted the limits of your home insurance and auto insurance.
Renters Insurance
Renters insurance typically covers liability and personal property, which can help pay to replace your belongings if they’re stolen or damaged by a covered risk. Many landlords and properties require renters to have rental insurance.
Condo Insurance
While your condo association’s master policy will cover the damage that happens to your condo’s building, grounds or other external features, condo insurance will make sure your personal possessions, appliances and other pieces of the unit are protected.
Flood Insurance
Since flood damage is often not covered under standard home insurance policies, flood insurance will cover direct physical loss from floods and losses resulting from flood-related erosion. It will also help cover the costs of repairs or replacing belongings such as clothing, furniture, electronics and more.
Earthquake Insurance
Since damage from an earthquake isn’t typically covered under home and renters insurance policies, earthquake insurance can cover harm to your house, personal belongings, and additional living expenses (ALE) or loss of use, which are the costs to live somewhere else if you have to evacuate or repair your home as a result of an earthquake.
RV Insurance
RV insurance covers many of the risks auto insurance does, including collision, comprehensive and liability coverage. You can also purchase additional protection for personal belongings on board, equipment and attached accessories such as awnings and satellite dishes.
Boat Insurance
Boat insurance insures your boat against damage and loss caused by common risks such as sinking, fires, storms, theft and collision.
How to Buy Homeowners Insurance
When it comes to buying your home insurance policy, the process may seem overwhelming. But at SelectQuote, we make securing a homeowners insurance policy simple while looking for ways to save you money.
Step 1: Decide your coverage.
Evaluate the replacement cost of your home, making sure all of your valuables and possessions are covered. Working with SelectQuote will help ensure that you are getting the coverage you need to protect what matters most.
Step 2: Choose a deductible amount.
Your deductible is the amount you pay before any claim is covered. Choosing a lower or higher deductible amount depends on your situation, but SelectQuote can help decide which one is best for your needs.
Step 3: Let SelectQuote do the work.
Instead of shopping rates from dozens of carriers by yourself, SelectQuote can shop top-rated carriers in just minutes.* This can save you time, money, and stress when it comes to securing an affordable home insurance policy.
See How SelectQuote Can Help
SelectQuote helps customers save time and money by handling the bulk of the work so you can focus on what counts. We’ll ask questions about your existing home and auto insurance, and we can answer any that you may have, too.We compare insurance rates from several companies at once, but we can also factor in customer reviews and coverage types to help you find the insurance policy that works for you. We can even answer questions after you make your policy decision, and we’re always standing by to help you compare your current or new insurance with other policies to help find the best home and auto insurance rate for you.Benefits of Shopping Homeowners Insurance Quotes with SelectQuote
If you’re new to buying home insurance, SelectQuote can help answer questions and walk you through the first-time process, including how your home insurance and mortgage work together (and who pays the bill).Customers who already have home insurance and want to save money can trust SelectQuote to handle the work of shopping several companies at once to find affordable home insurance quotes. We personalize your insurance recommendations based on what you need and can help answer any questions that may come up during and after you buy home insurance.
Let SelectQuote Shop and Compare Home Insurance Quotes For You
We understand that shopping for homeowners insurance can feel overwhelming, so we’ve made it easy to save time and money when shopping. We compare home insurance quotes from dozens of highly rated insurance carriers in just minutes, providing you a free homeowners insurance quote at no extra cost to you. Let us see how much we can help you save today.
