Comparison Shop Home Insurance in Malvern from Multiple Carriers in Minutes!
Less than 50% of homeowners comparison shop when their policy is up for renewal and leave 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 Malvern Home Insurance Cover?
A home insurance policy can, and should, be customized to fit your specific needs, but standard policies usually offer:
- Coverage for your home and additional structures on your property such as detached garages, sheds, and fences
- Coverage for your personal belongings such as clothes, furniture, and electronics
- Coverage for personal liability exposures that comes with being a homeowner such as a guest being hurt on your property
- Coverage for living expenses should your home become uninhabitable and you require temporary lodging while it is repaired or replaced
How Much Does Malvern Homeowners Insurance Cost?
The average TGS Insurance home insurance policy for Malvern is $1,557 per year. This average is based on policies with an average home value of $203,197 and includes windstorm and hail coverage with a 2% deductible. Home insurance rates differ considerably due to several constituents, based on you, your home, and your location, among many other things. We offer adaptable options to all of our clients so they can find the right policy without paying for too much or too little homeowners insurance coverage. Get started with a free instant home insurance quote by providing your address above.
Comparing Average Home Insurance Premiums in Malvern By Dwelling Coverage Levels
Dwelling coverage helps to rebuild or repair your home in the event of a covered loss. Your dwelling coverage limit must cover the cost to rebuild your home as it is today. Since dwelling coverage is such a large component of your home insurance policy, your limit on the coverage affects your overall premium. In Malvern, carrying $150,000 in dwelling coverage would result in a premium of around $1,312 per year, whereas having dwelling coverage worth closer to $350,000 would cost around $2,163 per year.
Home Value Average Annual Premium (incl. Wind Coverage)
$100,000-$200,000 $1,312
$200,000-$300,000 $1,784
$300,000-$400,000 $2,163
$400,000-$500,000 $2,364
Malvern 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 home insurance premiums in Malvern for homes that are 15+ old are an average 38% higher than homes that were built within the past 15 years.
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
- Location
- Marital status
- Size
- Replacement cost
- And much more!
Malvern 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 Malvern, Arkansas, are State Auto and Encompass. Home insurance quotes from TGS Insurance for State Auto average $1,654 annually. Home insurance quotes for Encompass run a little bit higher, averaging $1,732 per year.
Malvern Zip Codes We Insure
- 72104
Don’t see your zip code? Don’t panic! We’re ready to help homeowners throughout Arkansas save money on their home insurance. See how much you could be saving by providing your address above for a free home insurance instant quote.
