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Homeowners Insurance?

Posted on 1/28/13 at 2:40 pm
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 1/28/13 at 2:40 pm
I called USAA and felt it was pretty high.

They quote me $123 a month for a 150k home, 1k deductible. My vehicles are also insured through them.

They did it based on cost to rebuild (204k)
Posted by BACONisMEATcandy
Member since Dec 2007
46645 posts
Posted on 1/28/13 at 2:44 pm to
Generally it will drop your auto insurance as well.

I have my vehicle and renters through them... Vehicle is 105 a month before I had renters .... Now I have renters and Vehicle and it costs me 101 a month...
Posted by ItNeverRains
37069
Member since Oct 2007
25927 posts
Posted on 1/28/13 at 2:55 pm to
Pay $600 year for insurance on rebuild value and all valuables inside the home, including electronics/computers/iPad/iPhone etc... Rebuild est is 425k. that is solely for home ins., but is coupled with car multi and wife's company discount.
Posted by Chad504boy
4 posts
Member since Feb 2005
167135 posts
Posted on 1/28/13 at 2:58 pm to
quote:

They quote me $123 a month for a 150k home


why are you giving us a monthly premium on the policy?
Posted by MaesterMullen
flowood,ms
Member since Jul 2012
1653 posts
Posted on 1/28/13 at 3:11 pm to
I have my car insured with them, but Homeowner's was just too high.

I also have a car loan with them. USAA is great, so easy to deal with. Easiest loan i have ever gotten
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38700 posts
Posted on 1/28/13 at 3:16 pm to
quote:

I called USAA and felt it was pretty high.

They quote me $123 a month for a 150k home, 1k deductible. My vehicles are also insured through them.

They did it based on cost to rebuild (204k)


I have auto, homeowner's, jewelry and life insurance through them.

For homeowner's, I pay $1100 per year, but I have a higher deductible - $5500. Cost to rebuild my house: $300K.

This post was edited on 1/28/13 at 3:17 pm
Posted by lsu tigerdog
Baton Rouge
Member since Nov 2007
248 posts
Posted on 1/28/13 at 9:28 pm to
what they do is they'll pull credit report from one of the bureaus{soft hit} but another factor to determine premium is age of the home,
stick with the $1000k all peril deductible
Posted by dewster
Chicago
Member since Aug 2006
25446 posts
Posted on 1/29/13 at 9:16 am to
Best I found was $120 for a $260,000 rebuild value with an earthquake exclusion clause. $5000 deductable I think. The house is 33 years old, the roof is about 12 years old.

Louisiana or along the gulf coast would be much higher than what I pay.

Other than living in tornado alley, nothing unusual about this area that would justify a higher costs. We occasionally get winter storms that take a few trees down, but nothing major.
This post was edited on 1/29/13 at 9:26 am
Posted by NaturalBeam
Member since Sep 2007
14544 posts
Posted on 1/29/13 at 9:43 am to
That does sound high, but how old is your home? That obviously makes a difference.
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16961 posts
Posted on 1/29/13 at 10:24 am to
they will quote and insure based on the cost to replace the building. this is done because property can be purchased for more or less than what it cost to build the thing.

they come up with this figure using cost estimators based on the construction, size, location, and interior details of your home. with some other factors sprinkled in I'm sure.

they might reduce it some if you ask.
This post was edited on 1/29/13 at 10:25 am
Posted by PurpleAndGold86
Member since Jun 2012
11036 posts
Posted on 1/30/13 at 9:05 am to
quote:

wegotdatwood


I have USAA for my homeowners so I'll throw this out there for comparison.

We have a 3,434 sq foot house in Houston that was built in October of 2010. We are the first people to live in the house.

We pay $2,305.20 a year (195 a month) in premiums. The dwelling is covered to $386,000 and personal belonging inside are covered to $193,000. USAA will not let you go less than half of the value of your dwelling on the personal belongings.

I have auto insurance and personal property (jewelery) with them.

I don't think your quote sounds all that high.
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