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How Much Is Homeowners Insurance? Average December 2023 Rates

Savings Corner

Our sample policy was for a 40-year-old homeowner with good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible. Homeowners insurance rates are also going up because it has gotten more expensive to repair and rebuild houses after they’re damaged. Make renovations. Claims-free.

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Home Insurance Calculator: Estimate Your Rate – December 2023

Savings Corner

Loss of use , which pays for additional living expenses if you need to move while your home is being repaired. Nerdy Tip Let your insurer know if you get a new roof or make other major renovations to your home. Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984.