How much is homeowners insurance in Silver Springs,NV

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The average cost of homeowners insurance in Silver Springs is $1,428 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,154 less than the national average of $2,582.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Silver Springs depend on a number of factors, including:

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

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Silver Springs, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Silver Springs.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Silver Springs.

Key takeaways

The average cost of homeowners insurance in Silver Springs is $1,428 per year.
Nationwide is the cheapest homeowners insurance company in Silver Springs with an average annual premium of $1,113.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $368 more a year for home insurance.

How much is homeowners insurance in Silver Springs per month

According to Insure.com’s rate analysis, residents of Silver Springs pay an average of $119 per month for homeowners insurance. This is $1 less than the state average of $120 and $96 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Silver Springs can vary depending on your location, property value, and selected coverage options.

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

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $1,060 per year in Silver Springs, NV. 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 Silver Springs

According to Insure.com’s rate analysis, homeowners in Silver Springs typically pay an average of $1,428 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 $368. 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 Silver Springs by company

After evaluating several carriers, Nationwide is the least expensive homeowners insurance provider in Silver Springs. It’s average annual rate for homeowners in Silver Springs is $1,113.

State Farm holds the second position, while American Family secures the third spot with an average annual home insurance rate of $1,490.

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

Home insurance company	Annual rate
Nationwide	$1,113
State Farm	$1,345
American Family	$1,490
Farmers	$1,624
CSAA Insurance (AAA)	$1,731
Country Financial	$1,787
USAA*	$1,344

Methodology

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