Getting a Farmington Home Insurance Quote Has Never Been Easier!
Gone are the days of filling out endless questionnaires about your home or talking on the phone with an insurance agent for over 15 minutes, only to wait days to get an insurance quote. At TGS Insurance, we’ve flipped the industry norm upside down to provide customers with a real, accurate home insurance quote in 15 seconds or less, using just your address! That policy is shopped through our bank of 35+ A-rated (or better) carriers, so you can rest-assure it’s the best policy the market has to offer! We even handle everything from policy inception to payment and anything else in between for the easiest shopping experience ever.
You’re one click away from never having to worry about insurance again!
Farmington Home Insurance Coverage: The Basics
Several standard forms of homeowners insurance offer various levels of protection from varying perils depending on the needs of the home and homeowner. The majority of these forms include coverage (at some level) for:
- Your home’s structure
- Additional structures on your property (detached garage, shed, fence, etc.)
- Your personal belongings
- Liability for injuries on your property
How Much is Home Insurance in Farmington, Arkansas?
Farmington home insurance costs an average of $1,297 per year among TGS Insurance customers. This average is based on policies with an average home value of $206,461 and includes windstorm and hail coverage with a 2% deductible. Home insurance premiums will vary home to home depending on several factors. Our proprietary tool shops your policy in seconds to find you the best rates with just your address. Our independent agents will work with you to further customize your quote to ensure you have the right amount of coverage for your needs at the best rate on the market!
Average Home Insurance Quotes in Farmington By Dwelling Coverage Levels
Home insurance carriers consider several different factors when calculating your home insurance premium. One of the biggest components is how much dwelling coverage you need. Dwelling coverage refers to the amount it would cost to completely rebuild your home from the ground up to its current value. Unfortunately, some homeowners don’t carry enough dwelling coverage. If a disaster were to strike, you wouldn’t have enough financial assistance to help rebuild your home and would be left with the remaining balance. In Farmington, homeowners wanting $100,000-$200,000 in coverage should expect to pay about $1,131 per year for homeowners insurance. For $300,000-$400,000 in dwelling coverage, homeowners would see an average of $1,700 in Farmington, Arkansas. The more dwelling coverage, the higher the home insurance premium.
Home Value Average Annual Premium (incl. Wind Coverage)
Farmington Home Insurance Quotes and Your Home’s Age by the Numbers
Many factors go into calculating your home insurance premium, one of which is your home’s age. Typically, older homes are more expensive to insure because their construction and structural components tend to be more obsolete (Ex. using galvanized piping instead of PEX) and experienced years of general wear and tear. Both contribute to an older home being more susceptible to damage- therefore a higher risk to insure. Our data shows that homes in Farmington for homes that are 15+ old are on average 28% higher than homes that were built within the past 15 years.
Home Age Average Annual Premium (incl. Wind Coverage)
0-15 Years $1,115
15+ Years $1,431
Age is not the only influencing factor for your home insurance premium. Carriers look at a variety of other things, including:
- Attractive nuisances (Ex. pools, trampolines, playsets, etc.)
- Breeds of pets
- Claims history
- Credit history
- Crime rate
- Marital status
- Replacement cost
- And much more!
Farmington Home Insurance Rates by Provider
Choosing your home insurance provider is about more than just price, but the cost is undoubtedly an essential factor. Because each carrier sets its rates, the same coverage will sometimes vary in price among carriers. Two of our most popular insurance providers in Farmington, Arkansas, are Encompass and State Auto. Home insurance quotes from TGS Insurance for Encompass average $1,344 annually. State Auto’s home insurance quotes run a little bit higher, averaging $1,480 per year.
Farmington Zip Codes We Insure
Zip code not listed? Don’t worry! We’re able to help homeowners throughout Arkansas save money on their home insurance. Get started with a free instant quote by providing your address above.