Comparison Shop Home Insurance in Morrilton 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 Homeowners Insurance in Morrilton 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 Does Morrilton Homeowners Insurance Cost?
The average TGS Insurance home insurance policy for Morrilton is $1,308 per year. This average is based on policies with an average home value of $198,129 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 flexible 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 Morrilton 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 Morrilton, carrying $150,000 in dwelling coverage would result in a premium of around $1,214 per year, whereas having dwelling coverage worth closer to $350,000 would cost around $1,632 per year.
Home Value Average Annual Premium (incl. Wind Coverage)
$100,000-$200,000 $1,214
$200,000-$300,000 $1,426
$300,000-$400,000 $1,632
$400,000-$500,000 $1,777
How the Size of Your Morrilton 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 Morrilton for homes that 2,000+ square feet are, on average, 20% 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 $1,220
2,000+ sq ft $1,462
Keep in mind that size is not the only factor influencing your premium! Other factors insurers often consider include:
- Location
- Age
- Roof condition and age
- Credit history
- Claims history
- Marital Status
- Breeds of pets
- Attractive nuisances (swimming pools, trampolines, swing sets, etc.)
- And more!
Most Popular Morrilton Home Insurance Carriers
Homeowners in Morrilton all want the same thing- an excellent home insurance policy that doesn’t break the bank. Cost is one of the most influential things homeowners look at when purchasing insurance, next to the amount of coverage. This is why it’s imperative for homeowners to comparison shop their policy across multiple carriers! Insurance carriers all set their own rates, so your premium could vary across multiple carriers with the same coverage. Our two most affordable (and popular) insurance providers in Morrilton, Arkansas, are Encompass and State Auto. On average, TGS Insurance homeowners in Morrilton, Arkansas, pay $1,308 for Encompass annually and $1,646 for State Auto.
Zip Codes in Morrilton We Insure
- 72110
Don’t see your zip code? Not a problem! We’re able to help homeowners throughout Arkansas find the best home coverage for their needs. Get started with a free instant quote by providing your address above.
