How much is homeowners insurance in Redmond,UT

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Redmond is $1,850 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $732 less than the national average of $2,582 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Redmond 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 Redmond with an average annual premium of $1,850 per year.

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

Key takeaways

Homeowners insurance costs $1,850 per year in Redmond.
At $1,098 per year, State Farm offers the cheapest homeowners insurance in Redmond.
Your home insurance rates increase by $404 more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Redmond per month

Redmond homeowners pay an average of $154 a month, based on our rate analysis. It’s $5 more than the state average of $149 and $61 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Redmond may vary depending on where you live, the value of your home, and the coverage you choose.

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

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $1,446 per year in Redmond, UT. 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 Redmond

According to a rate analysis by Insure.com, homeowners in Redmond pay an average of $1,850 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $404 more a year for home insurance. It would be best to buy enough insurance to cover the full 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.

How much is homeowners insurance in Redmond by company

After evaluating several carriers, State Farm is the least expensive homeowners insurance provider in Redmond. It’s average annual rate for homeowners in Redmond is $1,098.

Nationwide holds the second position, while American Family secures the third spot with an average annual home insurance rate of $1,241.

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

Home insurance company	Annual rate
State Farm	$1,098
Nationwide	$1,179
American Family	$1,241
Farmers	$1,494
Auto-Owners	$1,872
USAA*	$2,619

Methodology

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