How much is homeowners insurance in Bloomington,NY

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In Bloomington, homeowners pay an average annual rate of $1,585 (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 $919 less than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Bloomington 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 Bloomington, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Bloomington.

Key takeaways

In Bloomington, homeowners insurance costs $1,585 annually.
American Family offers the most affordable homeowners insurance in Bloomington with an average annual premium of $705.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $417 higher.

How much is homeowners insurance in Bloomington per month

Residents of Bloomington pay an average of $132 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $16 less than the state average of $148 and $77 less than the national average for home insurance across the United States.

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

How much is homeowners insurance for a $200,000 house in Bloomington

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $1,168 per year in Bloomington, NY. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Bloomington

According to Insure.com’s rate analysis, homeowners in Bloomington typically pay an average of $1,585 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $417. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

How much is homeowners insurance in Bloomington by company

After evaluating several carriers, American Family is the least expensive homeowners insurance provider in Bloomington. It’s average annual rate for homeowners in Bloomington is $705.

NYCM Insurance holds the second position, while Nationwide secures the third spot with an average annual home insurance rate of $1,274.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Bloomington and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Bloomington and their average annual premiums.

Home insurance company	Annual rate
American Family	$705
NYCM Insurance	$869
Nationwide	$1,274
State Farm	$1,344
AIG	$1,399
Travelers	$1,426
Allstate	$1,489
Heritage Insurance Holdings	$1,520
Chubb Ltd	$1,842
Farmers	$2,860

Methodology

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