Comparison Shop Home Insurance in Greenwood from Multiple Carriers in Minutes!
Did you know less than 50% of homeowners comparison shop when their policy is up? That means more than half of homeowners are leaving potential savings on the table. It’s time to recoup the savings! At TGS Insurance, our team of agents will take away the hassle of comparing insurance providers by doing the hard work for you! As an independent insurance agency, we’re carrier-agnostic, which means we don’t work for one insurance provider; we work for you! When you input your address, we’ll shop our bank of 35+ top carriers to find you the best policy at an exceptional rate in just 15 seconds!
What Does Homeowners Insurance in Greenwood cover?
The majority of home insurance policies include some level of the following types of coverages.
Coverage A covers damages to your home
Coverage B covers damages to additional structures on your property such as detached garages, sheds, or fences
Coverage C covers damage to personal property such as furniture, electronics, and clothes
Coverage D covers additional living expenses if your home becomes uninhabitable due to a covered loss
Coverage E covers personal liability including coverage for claims arising from accidents on your property
Coverage F covers medical expenses for injuries occurring on your property for those outside of your household
How Much is Home Insurance in Greenwood, Arkansas?
The average cost of homeowners insurance in Greenwood is $1,505 among TGS Insurance Agency customers. This average includes windstorm and hail coverage and is based on policies with an average home value of $192,901. Every policy is unique based on the characteristics of the home and coverage needs so that rates will vary from home to home and even carrier to carrier. By comparison shopping policies, we can find the right policy at the best price without compromising on coverage. On average, we’ve been able to save our customers more than $850/year when they switch to TGS Insurance Agency. Finding out how much you can be saving is as easy as providing your address above for an instant quote– really!
Average Home Insurance Quotes in Greenwood By Dwelling Coverage Levels
Home insurance carriers consider several factors when calculating your home insurance premium. One of the most significant 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 Greenwood, homeowners wanting $100,000-$200,000 in coverage should expect to pay about $1,272 per year for homeowners insurance. For $300,000-$400,000 in dwelling coverage, homeowners would see an average of $2,454 in Greenwood, Arkansas. The more dwelling coverage, the higher the home insurance premium.
Home Value Average Annual Premium (incl. Wind Coverage)
How the Size of Your Greenwood Home Impacts Your Homeowners Insurance Rates
Many factors impact your home insurance premium, and one of those factors is the square footage of your home. As the footprint of your home increases, the cost of replacing it should it need to be rebuilt due to covered perils increases. For this reason, insurers view bigger homes as a more significant risk and will often come with a higher home insurance premium to reflect that more substantial risk. Our data shows that home insurance quotes in Greenwood for homes that 2,000+ square feet are, on average, 53% higher than homes that are less than 2,000 square feet in size.
Home Size in Square Feet Average Annual Premium (incl. Wind Coverage)
0-2,000 sq ft $1,280
2,000+ sq ft $1,961
Keep in mind that size is not the only factor influencing your premium! Other factors insurers consider often include:
- Roof condition and age
- Credit history
- Claims history
- Marital Status
- Breeds of pets
- Attractive nuisances (swimming pools, trampolines, swing sets, etc.)
- And more!
Most Affordable Home Insurance Companies in Greenwood
Homeowners look at various things when deciding what home insurance policy to buy, coverage and cost being the two most influential factors. It’s important for homeowners in Greenwood to comparison shop their policy across several different insurance carriers because the same coverage could vary in price. Our two most affordable (and popular) insurance providers in Greenwood, Arkansas, are State Auto and Encompass. On average, TGS Insurance homeowners in Greenwood, Arkansas, pay $1,519 for State Auto annually and $2,015 for Encompass.
Greenwood Zip Codes We Insure
Zip code not listed? Don’t worry! We can help homeowners throughout Arkansas save money on their home insurance. Get started with a free instant quote by providing your address above.