Average homeowners insurance cost in Morgantown, WV

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In Morgantown, homeowners pay an average annual rate of $1,498 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $1,084 less than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Morgantown depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Morgantown, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Morgantown.

Key takeaways

The cost of your homeowners insurance policy in Morgantown can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Morgantown with an average annual premium of $1,257.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $344 more, annually for home insurance.

Average homeowners insurance cost in Morgantown per month

According to Insure.com’s rate analysis, residents of Morgantown pay an average of $125 per month for homeowners insurance. This is $32 less than the state average of $157 and $90 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Morgantown can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Morgantown

In Morgantown, WV, homeowners pay an average of $1,154 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Morgantown

As per rate analysis by Insure.com, homeowners residing in Morgantown typically pay an average of $1,498 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $344 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Morgantown by Company

Among the carriers analyzed, Allstate is the cheapest homeowners insurance company in Morgantown. It’s average annual rate for Morgantown homeowners is $1,257. Automobile Club MI (AAA) ranks second and Erie Insurance makes it to the third spot with an average annual home insurance rate of $1,370.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Morgantown and prepared a list of the cheapest home insurance providers. You can find below the Morgantown home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Automobile Club MI (AAA)	$1,278
Erie Insurance	$1,370
Nationwide	$1,607
State Farm	$1,615
Progressive	$2,034
Allstate	$1,257
Westfield Insurance	$1,702
USAA*	$1,124

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Morgantown for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.