On average, how much does home owners insurance cost?

Question

I'm filling out somethings for a project for one of my classes. I do not at all need this number to be accurate, I am not going to go and speak with an insurance agent, I just need a number that is about what I would be paying forinsurance if I bought a house.

Answer 1

The average home costs about 200,000 and it would take about a thousand dollars a year to get it covered.

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Answer 2

Depends where you live, what they house is worth and how much coverage you want.

Answer 3

There really isn't an "average" price.  Premiums vary from about 0.5% to 2.5% of the homes value, based on location, construction, discounts applied, etc.  If I were using a ball park figure without knowing any details, it would be 1% of the value.  i.e. A $100,000 home would be $1,000.

Answer 4

I would use about $600 per year.  It depends on where, and how much you are insuring, but if  you have to put a number on it, use that.  tba