Average homeowners insurance cost in Roswell, NM

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Roswell is $4,273 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $1,691 more than the national average of $2,582.

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Roswell depend on several factors, including:

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

State Farm is the cheapest homeowners insurance company in Roswell with an average annual premium of $4,273 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Roswell. Keep reading to learn about the monthly cost of homeowners insurance in Roswell, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Roswell.

Key takeaways

The cost of your homeowners insurance policy in Roswell can vary based on factors such as your location, the value of your home, and the coverage options you select.
State Farm is the cheapest homeowners insurance company in Roswell with an average annual premium of $3,105.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $1,289 more, annually for home insurance.

Average homeowners insurance cost in Roswell per month

Residents of Roswell pay an average of $356 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $136 more than the state average of $220 and $141 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Roswell may change based on location, property value, and selected coverage options.

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

The average cost of homeowners insurance in Roswell, NM is $2,984 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

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

Based on a rate analysis conducted by Insure.com, Roswell residents pay an average of $4,273 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $1,289 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Roswell by company

Among the carriers analyzed, State Farm is the most affordable homeowners insurance company in Roswell, offering an average annual rate of $3,105. Farmers ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Roswell and compiled a list of the most affordable options.

Below are the details of home insurance companies in Roswell and their average annual premiums.

Home Insurance Company	Annual rate
State Farm	$3,105
Farmers	$4,857

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Roswell 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.