Home InsuranceIf you’re looking for a new home you may be searching online for crime in the area, information on local schools, and how far your new commute to work may be. Have you considered evaluating the insurance rates in each of the neighborhoods you’re looking into to?  

Choose Your Neighborhood Based on Insurance Costs - Each neighborhood has its own home insurance costs that you should consider when purchasing a new home. Your insurance agent can help you narrow down your neighborhood choices by giving general rates for the homes you’re interested in so you can avoid neighborhoods with higher insurance premiums that may exceed your budget. These estimates from your agent are not a guaranteed rate but they do provide an idea of what you can expect as well as alert you to any special insurance considerations you may not have factored in when touring the home.

The many factors that will help your agent in building the estimate include:

  • Are you looking at a house with a pool or Jacuzzi?

  • Any neighborhood crime statistics available

  • If you have pets and what kind

  • The estimated value of your belongings you’ll be moving into your new house

It’s so important to understand any potential home insurance costs for a few reasons:

  • You’re required to have insurance if you’ve purchased you home with the help of a mortgage
  • You are purchasing a very expensive new asset that you must protect or pay for out of your own pocket which is not an option for most.
  • Home Insurance is now a financial obligation that will have to fit into your new budget as a homeowner so you’ll want to make sure premiums comfortably fit into your budget.

Whether you’ve narrowed your search down to just a few home, or you’re search has just begun, give us a call at Magill Agency today. We can help you gather potential insurance costs to help you better project your monthly cost of your Oklahoma Home Insurance policy.

Posted 7:20 PM

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