Getting a Hot Springs 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! What’s even better? 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!
Hot Springs Home Insurance Coverage: The Basics
You’ve made the investment in your house, now it’s time to protect it while you make it your home. Most standard policies will provide coverage for the structure of your home, any additional structures on the property, such as a shed or detached garage, and your personal belongings (with varying limits). Coverage will also include financial protection from legal action and medical care in the instance that someone is harmed on your property.
How Much is Home Insurance in Hot Springs, Arkansas?
Hot Springs home insurance costs an average of $1,701 per year among TGS Insurance customers. This average is based on policies with an average home value of $225,762 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 Hot Springs By Dwelling Coverage Levels
One of the biggest mistakes a homeowner can make is not carrying enough dwelling coverage on their home insurance policy. Dwelling coverage refers to the amount it would cost to completely rebuild your home from the ground up to its current value. The dwelling coverage level you select is one of the biggest factors insurance carriers use when determining your home insurance premium. So for example, if you select $100,000-$200,000 in dwelling coverage, your home insurance policy in Hot Springs, Arkansas will cost an average of $1,410. However, if you needed $300,000-$400,000 in dwelling coverage, your home insurance premium would then increase to an average of $2,214. The more dwelling coverage you want, the higher the home insurance premium.
Home Value Average Annual Premium (incl. Wind Coverage)
$100,000-$200,000 $1,410
$200,000-$300,000 $1,847
$300,000-$400,000 $2,214
$400,000-$500,000 $2,437
The Age of Your Home and Homeowners Insurance in Hot Springs, Arkansas
Homeowners in Hot Springs looking for the most affordable home insurance rates may want to consider looking at newer homes. While older homes may have a certain charm that can be lost on new builds, they also tend to have more problems as elements such as piping or mechanical systems age; this means they are a more considerable risk to insure in the eyes of carriers. In fact, in Hot Springs, the average home insurance quote for homes that were built more than 15 years ago is 10% more than a home built within the past 15 years. Over the last few years, we have seen homeowners with homes built in the past 15 years pay an average annual premium of $1,589 while those with homes older than 15 years see quotes closer to an average of $1,742 per year.
If you own an older home, there are several steps you can take to help reduce your premiums, such as:
- Bundle your home policy with another policy
- Choose a higher deductible
- Keep your home’s replacement cost estimate up to date
- Stay ahead of repairs and updates to your home by scheduling routine maintenance (and be sure to notify your agent of repairs or upgrades made!)
Hot Springs Home Insurance Rates by Insurer
Choosing your home insurance provider is about more than just price, but the cost is undoubtedly an essential factor. Because each carrier sets its own rates, sometimes the same coverage will vary in price among carriers. Two of our most popular insurance providers in Hot Springs, Arkansas, are Encompass and State Auto. Home insurance quotes from TGS Insurance for Encompass average $1,810 annually. Home insurance quotes for State Auto run a little bit higher, averaging $1,908 per year.
Hot Springs Zip Codes We Insure
- 71901
- 71913
- 71909
Zip code not listed? Not a problem! We are able to incredible rates for homeowners throughout Arkansas. Enter your address above for a free instant home insurance quote.
