What is the average cost of Allstate home insurance?

Answer 1

If you equate "cost" and "premium", the answer depends upon many factors. These include:

1. The location of the property within a state.

2. The state in which the property is located.

3. The history of claims by the policyholder under prior homeowner's policy.

4. The type of construction of the house (brick, frame, etc.)

5. The age of the house.

6. Whether the insurance provides actual cash value or replacement cost coverage. Actual cash value coverage takes into account depreciation when determining how much will be paid, whereas replacement cost coverage allows for the payment of the actual cost of reconstruction.

7. The dollar limits of insurance purchased.

8. Whether contents coverage is provided. This refers to insurance on the contents of the house, such as furniture and fistures.

9. The amount of the deductible selected. A deductible is the dollar amount of damage that the insured has to pay before the obligation of the insurer to pay is triggered.

These factors apply to all homeowner's insurance policies, not just through Allstate.